Could Washington Prime Group Inc (NYSE:WPG) Go Up After Its Newest Short Interest Report?

June 14, 2018 - By Tina Thibodeau

Washington Prime Group Inc. (NYSE:WPG) Logo

The stock of Washington Prime Group Inc (NYSE:WPG) registered an increase of 2.11% in short interest. WPG’s total short interest was 29.67M shares in June as published by FINRA. Its up 2.11% from 29.05M shares, reported previously. With 6.55 million shares average volume, it will take short sellers 5 days to cover their WPG’s short positions. The short interest to Washington Prime Group Inc’s float is 16.05%.

The stock increased 0.26% or $0.02 during the last trading session, reaching $7.81. About 2.42 million shares traded. Washington Prime Group Inc. (NYSE:WPG) has declined 7.49% since June 14, 2017 and is downtrending. It has underperformed by 20.06% the S&P500.

Washington Prime Group Inc. is a retail REIT and a recognized leader in the ownership, management, acquisition and development of retail properties. The company has market cap of $1.72 billion. The Firm combines a national real estate portfolio with an investment grade balance sheet, leveraging its expertise across the entire shopping center sector to increase cash flow through rigorous management of assets and provide new opportunities to retailers looking for growth throughout the U.S. It has a 7.98 P/E ratio. Learn more at www.washingtonprime.com.

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