Short Interest in Anywhere Real Estate Inc. (NYSE:HOUS) Decreases By 9.1%

Anywhere Real Estate Inc. (NYSE:HOUS) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 3,710,000 shares, a decrease of 9.1% from the November 15th total of 4,080,000 shares. Based on an average daily volume of 1,120,000 shares, the short-interest ratio is currently 3.3 days. Approximately 3.8% of the shares of the company are short sold.

Hedge Funds Weigh In On Anywhere Real Estate

A number of hedge funds and other institutional investors have recently modified their holdings of HOUS. Nemes Rush Group LLC lifted its stake in Anywhere Real Estate by 16.7% in the second quarter. Nemes Rush Group LLC now owns 17,500 shares of the company’s stock worth $58,000 after purchasing an additional 2,500 shares during the last quarter. Virtu Financial LLC boosted its stake in Anywhere Real Estate by 24.6% during the third quarter. Virtu Financial LLC now owns 15,305 shares of the company’s stock worth $78,000 after acquiring an additional 3,022 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in shares of Anywhere Real Estate by 3.5% in the 2nd quarter. SummerHaven Investment Management LLC now owns 106,951 shares of the company’s stock worth $354,000 after buying an additional 3,602 shares during the last quarter. Quarry LP purchased a new stake in shares of Anywhere Real Estate in the third quarter worth $26,000. Finally, Hsbc Holdings PLC increased its stake in Anywhere Real Estate by 3.9% during the 2nd quarter. Hsbc Holdings PLC now owns 185,653 shares of the company’s stock valued at $597,000 after purchasing an additional 6,908 shares in the last quarter. 97.56% of the stock is currently owned by hedge funds and other institutional investors.

Anywhere Real Estate Price Performance

Shares of Anywhere Real Estate stock traded down $0.08 on Tuesday, reaching $4.19. The stock had a trading volume of 783,109 shares, compared to its average volume of 1,318,344. The business’s 50 day moving average is $4.36 and its two-hundred day moving average is $4.38. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 1.34. Anywhere Real Estate has a 1 year low of $3.01 and a 1 year high of $8.40. The company has a market cap of $465.62 million, a P/E ratio of -2.75 and a beta of 2.32.

Anywhere Real Estate (NYSE:HOUS) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.18). The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.63 billion. Anywhere Real Estate had a negative return on equity of 6.46% and a negative net margin of 3.06%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 EPS. As a group, research analysts anticipate that Anywhere Real Estate will post -0.7 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Barclays upped their price target on Anywhere Real Estate from $3.50 to $4.00 and gave the company an “underweight” rating in a research report on Wednesday, December 11th.

About Anywhere Real Estate

Anywhere Real Estate Inc, through its subsidiaries, provides residential real estate services in the United States and internationally. The company operates through three segments: Anywhere Brands, Anywhere Advisors, and Anywhere Integrated Services. The Anywhere Brands segment franchises the Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, and Sotheby's International Realty brand names.