New Home Company Inc (NYSE:NWHM) Sees Significant Decline in Short Interest

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New Home Company Inc (NYSE:NWHM) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 111,000 shares, a drop of 5.1% from the April 30th total of 117,000 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 175,500 shares, the short-interest ratio is currently 0.6 days.

A number of institutional investors have recently bought and sold shares of NWHM. Gerber Kawasaki Wealth & Investment Management acquired a new position in New Home in the 1st quarter worth approximately $26,000. Tower Research Capital LLC TRC boosted its stake in shares of New Home by 64.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,586 shares of the construction company’s stock valued at $35,000 after buying an additional 2,981 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of New Home during the 1st quarter valued at $38,000. Morgan Stanley boosted its stake in shares of New Home by 9,689.6% during the 1st quarter. Morgan Stanley now owns 31,033 shares of the construction company’s stock valued at $42,000 after buying an additional 30,716 shares during the period. Finally, Hancock Whitney Corp acquired a new stake in shares of New Home during the 1st quarter valued at $43,000. 54.41% of the stock is owned by hedge funds and other institutional investors.

Separately, ValuEngine lowered shares of New Home from a “sell” rating to a “strong sell” rating in a research note on Monday, May 11th.

New Home stock opened at $3.35 on Friday. The company has a 50 day moving average price of $2.03 and a 200 day moving average price of $3.86. New Home has a 52 week low of $0.94 and a 52 week high of $6.00. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a market capitalization of $55.81 million, a price-to-earnings ratio of -4.65 and a beta of 2.79.

New Home (NYSE:NWHM) last posted its quarterly earnings data on Friday, May 8th. The construction company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.05. New Home had a negative net margin of 2.13% and a positive return on equity of 1.45%. The firm had revenue of $132.03 million during the quarter.

About New Home

The New Home Company Inc, a homebuilder, focuses on the design, construction, and sale of homes. The company operates in two segments, Homebuilding and Fee Building. It builds and sells homes in metropolitan areas of California and Arizona, including Southern California, the San Francisco Bay area, metro Sacramento, and the greater Phoenix area.

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