Hospitality Properites Trust (HPT) Short Interest Down 24.6% in August
Hospitality Properites Trust (NASDAQ:HPT) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 5,211,842 shares, a decrease of 24.6% from the August 15th total of 6,912,356 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average daily volume of 2,315,656 shares, the days-to-cover ratio is currently 2.3 days.
Separately, FBR & Co cut shares of Hospitality Properites Trust from an “outperform” rating to a “marketperform” rating in a research report on Wednesday, August 10th.
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Shares of Hospitality Properites Trust (NASDAQ:HPT) opened at 28.35 on Thursday. The company has a 50 day moving average of $30.80 and a 200-day moving average of $27.87. The company has a market cap of $4.30 billion, a PE ratio of 33.24 and a beta of 1.18. Hospitality Properites Trust has a 52-week low of $20.69 and a 52-week high of $32.32.
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