Short Interest in Trinity Place Holdings Inc (TPHS) Rises By 19.8%
Trinity Place Holdings Inc (NYSEAMERICAN:TPHS) was the recipient of a large growth in short interest in March. As of March 29th, there was short interest totalling 540,919 shares, a growth of 19.8% from the March 15th total of 451,337 shares. Based on an average daily volume of 58,432 shares, the short-interest ratio is currently 9.3 days. Approximately 2.1% of the shares of the company are sold short.
In related news, Director Jeffrey B. Citrin acquired 8,000 shares of Trinity Place stock in a transaction dated Thursday, March 21st. The stock was purchased at an average cost of $4.04 per share, for a total transaction of $32,320.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders bought a total of 8,950 shares of company stock valued at $36,165 over the last 90 days.
Institutional investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its holdings in Trinity Place by 39.7% in the 4th quarter. Rhumbline Advisers now owns 21,144 shares of the company’s stock worth $92,000 after buying an additional 6,010 shares during the period. First Manhattan Co. boosted its holdings in Trinity Place by 53.1% in the 4th quarter. First Manhattan Co. now owns 21,626 shares of the company’s stock worth $93,000 after buying an additional 7,500 shares during the period. Bank of America Corp DE boosted its holdings in Trinity Place by 170.0% in the 4th quarter. Bank of America Corp DE now owns 26,516 shares of the company’s stock worth $115,000 after buying an additional 16,695 shares during the period. Paloma Partners Management Co bought a new position in Trinity Place in the 4th quarter worth $137,000. Finally, Russell Investments Group Ltd. bought a new position in Trinity Place in the 3rd quarter worth $138,000.
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About Trinity Place
Trinity Place Holdings Inc, a real estate holding, investment, and asset management company, primarily acquires, invests in, owns, manages, develops or redevelops, and sells real estate assets and/or real estate related securities in the United States. The company's principal asset is located at 77 Greenwich Street in Lower Manhattan.
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