The U.S. REITsector posted a 2-basis-point decline in average short interest during the firsthalf of April, with 3.10% of outstanding shares held short as of April 15, comparedto 3.12% as of March 31.
REITs in thediversified, health care, multifamily, regional mall, specialty and single-tenantsectors posted declines in average short interest, with single-tenant REITs loggingthe greatest drop, a 31-basis-point decrease.
By contrast,hotel REITs recorded a 29-basis-point increase in average short interest in thefirst half of April.
recorded the greatestshort-interest gain on a company basis, with shorts rising 467 basis points to 7.98%of outstanding shares. On the other hand, RealtyIncome Corp. posted the largest drop in short interest, with shortsfalling 134 basis points to 7.58% of outstanding shares.
was the most shortedREIT as of April 15, with 13.16% of its outstanding shares shorted.