Short Interest in Net Lease Office Properties (NYSE:NLOP) Grows By 20.3%

Net Lease Office Properties (NYSE:NLOP) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 1,720,000 shares, an increase of 20.3% from the June 30th total of 1,430,000 shares. Approximately 11.7% of the company’s stock are sold short. Based on an average trading volume of 252,700 shares, the days-to-cover ratio is presently 6.8 days.

Net Lease Office Properties Price Performance

NYSE:NLOP traded down $0.15 during trading hours on Friday, reaching $28.75. The company’s stock had a trading volume of 398,787 shares, compared to its average volume of 337,510. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a 50 day moving average price of $24.66 and a two-hundred day moving average price of $24.27. Net Lease Office Properties has a 12 month low of $9.50 and a 12 month high of $50.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NLOP. LRI Investments LLC bought a new position in Net Lease Office Properties in the first quarter worth about $28,000. PNC Financial Services Group Inc. acquired a new stake in Net Lease Office Properties in the fourth quarter valued at approximately $27,000. Russell Investments Group Ltd. purchased a new position in Net Lease Office Properties in the fourth quarter worth $29,000. South Dakota Investment Council acquired a new position in shares of Net Lease Office Properties during the fourth quarter worth $30,000. Finally, Spirit of America Management Corp NY purchased a new stake in shares of Net Lease Office Properties during the 4th quarter valued at $34,000. 58.33% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, BWS Financial reissued a “buy” rating and set a $46.00 target price on shares of Net Lease Office Properties in a research report on Thursday, June 13th.

About Net Lease Office Properties

Net Lease Office Properties (NYSE: NLOP) is a publicly traded real estate investment trust with a portfolio of 59 high-quality office properties, totaling approximately 8.7 million leasable square feet primarily leased to corporate tenants on a single-tenant net lease basis. The vast majority of the office properties owned by NLOP are located in the U.S., with the balance in Europe.