May 17, 2021

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The New Home Company Inc. (NYSE:NWHM) Sees Large Drop in Short Interest

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The New Home Company Inc. (NYSE:NWHM) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 84,400 shares, a drop of 15.9% from the December 15th total of 100,300 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 59,300 shares, the short-interest ratio is currently 1.4 days.

NYSE NWHM traded up $0.16 on Wednesday, reaching $5.56. The company had a trading volume of 884 shares, compared to its average volume of 61,734. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 1.46. The stock has a market capitalization of $101.37 million, a PE ratio of -3.03 and a beta of 2.65. The firm’s 50 day moving average price is $5.04 and its 200 day moving average price is $4.72. The New Home has a 12 month low of $0.94 and a 12 month high of $6.00.

The New Home (NYSE:NWHM) last announced its quarterly earnings results on Monday, November 2nd. The construction company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The New Home had a negative net margin of 5.92% and a positive return on equity of 1.17%. The company had revenue of $130.84 million for the quarter.

Institutional investors have recently bought and sold shares of the company. Morgan Stanley bought a new stake in shares of The New Home in the 3rd quarter worth about $44,000. JPMorgan Chase & Co. increased its holdings in shares of The New Home by 149,266.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,962 shares of the construction company’s stock worth $46,000 after buying an additional 8,956 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of The New Home in the 3rd quarter worth about $107,000. First Republic Investment Management Inc. bought a new stake in shares of The New Home in the 2nd quarter worth about $67,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in shares of The New Home in the 2nd quarter worth about $99,000. Hedge funds and other institutional investors own 37.91% of the company’s stock.

The New Home Company Profile

The New Home Company Inc designs, constructs, and sells homes. The company operates through three segments: Arizona Homebuilding, California 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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