Empire State Realty Trust

ESRT

The Empire State Building is a 102-story Art Deco skyscraper in Midtown Manhattan in New York City. It was designed by Shreve, Lamb & Harmon and built from 1930 to 1931. Its name is derived from "Empire State", the nickname of the state of New York. The building has a roof height of 1,250 feet (380 m) and stands a total of 1,454 feet (443.2 m) tall, including its antenna. The Empire State Building stood as the world's tallest building until the construction of the World Trade Center in 1970; following its collapse in 2001, the Empire State Building was again the city's tallest skyscraper until 2012. As of 2020, the building is the seventh-tallest building in New York City, the ninth-tallest completed skyscraper in the United States, the 48th-tallest in the world, and the fifth-tallest freestanding structure in the Americas. The site of the Empire State Building, located in Midtown South on the west side of Fifth Avenue between West 33rd and 34th Streets, was originally part of an early 18th-century farm. It was developed in 1893 as the site of the Waldorf–Astoria Hotel. In 1929, Empire State Inc. acquired the site and devised plans for a skyscraper there.

Empire State Realty Trust has been a target of short sellers for a while. The current short interest of 5.53% is roughly at the average of the last 12 months (4.91%).