Follow The Short Interest: What’s Next for Seritage Growth Properties Class A (NYSE:SRG) After Having More Shares Shorted?

November 16, 2016 - By Ruchi Gupta   ·   0 Comments

Follow The Short Interest: What's Next for Seritage Growth Properties Class A (NYSE:SRG) After Having More Shares Shorted?

The stock of Seritage Growth Properties Class A (NYSE:SRG) registered an increase of 1.55% in short interest. SRG’s total short interest was 5.07 million shares in November as published by FINRA. Its up 1.55% from 4.99M shares, reported previously. With 355,700 shares average volume, it will take short sellers 14 days to cover their SRG’s short positions. The short interest to Seritage Growth Properties Class A’s float is 25.83%. About 81,193 shares traded hands. Seritage Growth Properties (NYSE:SRG) has declined 12.50% since April 14, 2016 and is downtrending. It has underperformed by 17.19% the S&P500.

Seritage Growth Properties is a self-administered and self-managed real estate investment trust (REIT). The company has a market cap of $1.64 billion. The Firm is engaged in the acquisition, ownership, development, redevelopment, and management and leasing of diversified retail real estate across the United States. It currently has negative earnings. The Company’s assets are held by and its activities are primarily conducted through directly or indirectly, by Seritage Growth Properties, L.P.

SRG Company Profile

Seritage Growth Properties (Seritage), incorporated on June 3, 2015, is a self-administered and self-managed real estate investment trust (REIT). The Firm is engaged in the acquisition, ownership, development, redevelopment, and management and leasing of diversified retail real estate across the United States. The Company’s assets are held by and its activities are primarily conducted through directly or indirectly, by Seritage Growth Properties, L.P., a Delaware limited partnership.

More notable recent Seritage Growth Properties (NYSE:SRG) news were published by: Wsj.com which released: “Seritage Shares Rise in Market Debut, Raises $1.6 Billion in Rights Offering” on July 06, 2015, also Nasdaq.com with their article: “Seritage Growth Properties Breaks Above 200-Day Moving Average – Bullish for SRG” published on November 14, 2016, Forbes.com published: “Warren Buffett Takes 8% Stake In Sears’ Real Estate Spin Seritage Growth …” on December 10, 2015. More interesting news about Seritage Growth Properties (NYSE:SRG) were released by: Businesswire.com and their article: “Seritage Growth Properties Announces Cinemark Theatres to Join Redevelopment …” published on November 10, 2016 as well as Seekingalpha.com‘s news article titled: “Seritage Growth Properties: Sears Holdings’ Problems Working Out Just Right” with publication date: September 30, 2016.

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By Ruchi Gupta


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