The most recent short interest data has been released for the 10/31/2017 settlement date, which shows a 420,925 share decrease in total short interest for Washington Real Estate Investment Trust (WRE - Get Report), to 2,892,531, a decrease of 12.70% since 10/13/2017. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded. The number of shares short is then compared to the average daily volume, in order to calculate the total number of trading days (at the average volume) it would take to close out all of the open short positions if every share traded represented a short position being closed. Average daily volume for WRE at the 10/31/2017 settlement increased to 250,844, as compared to 243,950 at the 10/13/2017 report. That brought "days to cover" down to 11.53, a 15.10% decrease from the 13.58 days to cover calculated at the previous short interest data release.The below chart shows the historical "days to cover" for WRE at previous short interest release dates: A decreased "days to cover" value could indicate that short sellers are no longer expecting the same decline in stock price they once were, or it could also indicate a long bet elsewhere was closed where WRE had been shorted as a hedge. The chart below shows the one year performance of WRE shares, versus its 200 day moving average. Looking at this chart, WRE's low point in its 52 week range is $27.65 per share, with $33.96 as the 52 week high point — that compares with a last trade of $32.97. WRE makes up 1.41% of the PowerShares Active U.S. Real Estate Fund ETF (PSR)
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Stocks
FedEx Files US Government Lawsuit Over 'Impossible Burden' of Package Liability
FedEx filed a lawsuit against the U.S. government late Monday arguing new trade regulations put an "impossible burden" on the world's biggest package delivery company to monitor the origins of shipments to and from the United States.
Dow Futures Dip, Dollar Slides as Trade Concerns Trim Risk Appetite Ahead of G20
U.S. equity futures drifted lower Tuesday, setting up the S&P 500 for its first three-day decline since early May, as investors peel back from recent record highs and take a defensive stance on risk ahead of this weekend's G20 Summit in Japan.
What Every Investor Needs to Know: Cramer's 'Mad Money' Recap (Monday 6/24/19)
Jim Cramer explains the ins and outs of essential economic and investing lessons that every stock investor needs to know.
The Weak Dollar Is the Main Force in the Market Right Now
Gold continues to run higher as the dollar continues to collapse.
Stocks End Mixed as Wall Street Looks to G-20 Summit for U.S.-China Trade Talks
Stocks end little changed Monday as investors look to the upcoming G-20 summit for a breakthrough in talks between the world's two largest economies.