Is Buying Griffin Industrial Realty Incorporated (NASDAQ:GRIF), Having Higher Short Interest a Winning Strategy?

January 20, 2018 - By Michael Collier

 Is Buying Griffin Industrial Realty Incorporated (NASDAQ:GRIF), Having Higher Short Interest a Winning Strategy?

Investors sentiment increased to 1.75 in Q3 2017. Its up 0.52, from 1.23 in 2017Q2. It is positive, as 1 investors sold Griffin Industrial Realty, Inc. shares while 7 reduced holdings. 3 funds opened positions while 11 raised stakes. 2.40 million shares or 1.26% less from 2.43 million shares in 2017Q2 were reported.
Legal And General Gp Public Limited Company stated it has 362 shares. The California-based Wells Fargo And Mn has invested 0% in Griffin Industrial Realty, Inc. (NASDAQ:GRIF). Geode Cap Management Ltd Company holds 0% or 12,065 shares in its portfolio. Bridgeway Mngmt owns 18,205 shares. Manufacturers Life The holds 0% of its portfolio in Griffin Industrial Realty, Inc. (NASDAQ:GRIF) for 279 shares. Tiaa Cref Invest Mngmt Ltd Llc owns 1,511 shares. Barclays Public Limited Co has 17 shares. California State Teachers Retirement Systems stated it has 1,188 shares. Towerview Ltd has 1.19% invested in Griffin Industrial Realty, Inc. (NASDAQ:GRIF) for 62,958 shares. Deutsche Savings Bank Ag reported 0% of its portfolio in Griffin Industrial Realty, Inc. (NASDAQ:GRIF). Gamco Inc Et Al stated it has 879,104 shares or 0.2% of all its holdings. Royal Financial Bank Of Canada holds 0% or 96 shares. Franklin Resource holds 122,000 shares or 0% of its portfolio. Bnp Paribas Arbitrage Sa holds 22 shares. Moreover, Fincl Bank Of America De has 0% invested in Griffin Industrial Realty, Inc. (NASDAQ:GRIF).

Since October 26, 2017, it had 0 insider buys, and 4 insider sales for $1.54 million activity. Kirby John Joseph JR sold $722,920 worth of Griffin Industrial Realty, Inc. (NASDAQ:GRIF) on Thursday, October 26. Cullman Susan sold $361,460 worth of Griffin Industrial Realty, Inc. (NASDAQ:GRIF) on Thursday, October 26. Lescalleet Thomas M. sold $89,500 worth of stock.

The stock of Griffin Industrial Realty Incorporated (NASDAQ:GRIF) registered an increase of 13.58% in short interest. GRIF’s total short interest was 18,400 shares in January as published by FINRA. Its up 13.58% from 16,200 shares, reported previously. With 2,800 shares average volume, it will take short sellers 7 days to cover their GRIF’s short positions. The short interest to Griffin Industrial Realty Incorporated’s float is 0.7%.

The stock decreased 0.16% or $0.06 during the last trading session, reaching $37.39. About 593 shares traded. Griffin Industrial Realty, Inc. (NASDAQ:GRIF) has risen 20.48% since January 20, 2017 and is uptrending. It has outperformed by 3.78% the S&P500.

Griffin Industrial Realty, Inc. develops, manages, and leases industrial and commercial properties in the United States. The company has market cap of $186.97 million. As of November 30, 2016, the firm owned 32 buildings comprising 21 industrial/warehouse buildings, 11 office/flex buildings, and a restaurant building. It has a 29.19 P/E ratio. It also owns approximately 2,907 acres of land in Connecticut, as well as owns approximately 422 acres of land in Massachusetts, 117 acres of land in Pennsylvania, and 1,066 acres in northern Florida.

More news for Griffin Industrial Realty, Inc. (NASDAQ:GRIF) were recently published by: Globenewswire.com, which released: “Griffin Announces Fiscal 2017 Fourth Quarter Leasing” on December 11, 2017. Globenewswire.com‘s article titled: “Griffin Announces Agreement for the Purchase of Undeveloped Land in North Carolina” and published on October 06, 2017 is yet another important article.

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