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)
More from Stocks
Brexit: UK Prime Minister Boris Johnson Loses Key Vote to Avoid EU Exit Delay
U.K. lawmakers voted Saturday to delay approval of Prime Minister Boris Johnson's Brexit deal, setting up a potentially unprecedented clash between the country's ruling party and the Supreme Court.
Zuckerberg Set to Defend Libra on Capitol Hill Next Week. Here's What to Expect
While the hearing is focused on Facebook's Libra project, the congressional grilling could also extend to Facebook's acquisitions, antitrust concerns and posture on free speech.