Regency Centers Co. (NASDAQ:REGCO) Sees Significant Drop in Short Interest

Regency Centers Co. (NASDAQ:REGCO) saw a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 1,013 shares, a drop of 70.8% from the October 15th total of 3,465 shares. Based on an average daily volume of 1,843 shares, the days-to-cover ratio is currently 0.5 days.

Regency Centers Trading Down 3.2%

NASDAQ:REGCO traded down $0.66 during trading hours on Friday, reaching $20.07. The company had a trading volume of 267 shares, compared to its average volume of 4,147. The firm’s 50 day moving average price is $21.00 and its 200-day moving average price is $21.88. Regency Centers has a 52 week low of $20.00 and a 52 week high of $23.20.

Regency Centers Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 29th. Stockholders of record on Friday, January 15th will be paid a $0.3672 dividend. This represents a $1.47 dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Friday, January 15th.

About Regency Centers

Regency Centers Corporation is a real estate investment trust (REIT) that owns, operates, develops and redevelops shopping centers, with a focus on properties anchored by grocery stores. Its centers bring together grocery retailers and businesses such as restaurants, service providers and specialty shops. The company serves communities across the United States, concentrating on major markets and neighborhood centers designed to meet everyday shopping needs. Regency traces its origins to 1963 and has built its business around leasing and managing retail properties.