Macerich Company

MAC

Macerich ( MAYSS-ritch) is a real estate investment trust that invests in shopping centers. It is the third-largest owner and operator of shopping centers in the United States. As of December 31, 2019, the company owned interests in 52 properties comprising 51 million square feet of leasable area. The company name is a portmanteau of its founders, Mace Siegel and Richard Cohen.

Macerich Company has been a target of short sellers for a while. The current short interest of 10.69% is significantly above the average of the last 12 months (5.71%).