William Lyon Homes (NYSE:WLH) Sees Significant Growth in Short Interest

William Lyon Homes (NYSE:WLH) was the recipient of a large growth in short interest in the month of November. As of November 29th, there was short interest totalling 5,870,000 shares, a growth of 7.9% from the November 14th total of 5,440,000 shares. Currently, 18.6% of the company’s stock are sold short. Based on an average trading volume of 600,800 shares, the days-to-cover ratio is presently 9.8 days.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its holdings in shares of William Lyon Homes by 69.5% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,522 shares of the construction company’s stock valued at $28,000 after buying an additional 624 shares during the last quarter. Riverhead Capital Management LLC acquired a new stake in shares of William Lyon Homes during the 2nd quarter valued at about $31,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of William Lyon Homes by 68.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,080 shares of the construction company’s stock valued at $42,000 after buying an additional 846 shares during the last quarter. Tyers Asset Management LLC acquired a new stake in shares of William Lyon Homes during the 2nd quarter valued at about $45,000. Finally, Elkfork Partners LLC acquired a new stake in shares of William Lyon Homes during the 2nd quarter valued at about $61,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

NYSE WLH traded up $0.02 during trading on Friday, reaching $20.39. 365,755 shares of the company’s stock were exchanged, compared to its average volume of 510,876. William Lyon Homes has a fifty-two week low of $9.85 and a fifty-two week high of $21.70. The firm has a market capitalization of $799.31 million, a PE ratio of 11.48 and a beta of 1.33. The company has a current ratio of 6.01, a quick ratio of 0.13 and a debt-to-equity ratio of 1.36. The company’s fifty day simple moving average is $20.58 and its 200-day simple moving average is $19.38.

William Lyon Homes (NYSE:WLH) last announced its quarterly earnings data on Wednesday, November 6th. The construction company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.07. William Lyon Homes had a return on equity of 6.98% and a net margin of 3.04%. The firm had revenue of $466.90 million during the quarter, compared to analyst estimates of $487.15 million. During the same period last year, the company posted $0.68 EPS. The business’s quarterly revenue was down 12.7% compared to the same quarter last year. Equities analysts forecast that William Lyon Homes will post 1.42 EPS for the current fiscal year.

A number of equities research analysts have commented on WLH shares. Zacks Investment Research upgraded William Lyon Homes from a “sell” rating to a “hold” rating in a research report on Saturday, October 5th. JMP Securities lowered William Lyon Homes from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 6th. Finally, ValuEngine upgraded William Lyon Homes from a “strong sell” rating to a “sell” rating in a research report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. William Lyon Homes presently has a consensus rating of “Hold” and a consensus price target of $19.67.

About William Lyon Homes

William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, Oregon, and Texas. It sells its homes primarily to entry-level, first-time move-up, and second-time move-up homebuyers.

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