Welltower Inc (NYSE:WELL)’s Trend Up, Especially After Decreased Shorts

June 15, 2018 - By Stephen Andrade

The stock of Welltower Inc (NYSE:WELL) registered a decrease of 7.26% in short interest. WELL’s total short interest was 9.36M shares in June as published by FINRA. Its down 7.26% from 10.09M shares, reported previously. With 2.87 million shares average volume, it will take short sellers 3 days to cover their WELL’s short positions.

The stock increased 1.43% or $0.81 during the last trading session, reaching $57.64. About 1.64 million shares traded. Welltower Inc. (NYSE:WELL) has declined 22.27% since June 15, 2017 and is downtrending. It has underperformed by 34.84% the S&P500.

Welltower Inc. , an S&P 500 firm headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure. The company has market cap of $21.44 billion. The firm invests with leading seniors housing operators, post-acute providers and health systems to fund the real estate infrastructure needed to scale innovative care delivery models and improve people's wellness and overall health care experience. Welltower?, a real estate investment trust ("REIT"), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties. It has a 36.39 P/E ratio.

More recent Welltower Inc. (NYSE:WELL) news were published by: Seekingalpha.com which released: “Welltower: Strong Buy” on May 25, 2018. Also Globenewswire.com published the news titled: “Analysis: Positioning to Benefit within Ruth’s Hospitality Group, S&P Global, Shaw Communications, Leap Therapeutics …” on June 13, 2018. Benzinga.com‘s news article titled: “Raymond James Picks Welltower, Sabra Health In Underweighted Health Care REIT Sector” with publication date: May 21, 2018 was also an interesting one.

Welltower Inc. (NYSE:WELL) Ratings Chart

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