Guild Holdings (NYSE:GHLD) Short Interest Up 842.1% in December

Guild Holdings (NYSE:GHLD) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 17,900 shares, a growth of 842.1% from the December 15th total of 1,900 shares. Based on an average trading volume of 12,900 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.2% of the company’s stock are sold short.

Guild Trading Down 0.9 %

Shares of NYSE GHLD traded down $0.11 during mid-day trading on Tuesday, hitting $12.69. 6,943 shares of the company traded hands, compared to its average volume of 10,658. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.92. Guild has a 1 year low of $11.21 and a 1 year high of $18.25. The stock has a market capitalization of $785.33 million, a price-to-earnings ratio of -8.19, a PEG ratio of 0.32 and a beta of 1.00. The business has a 50 day moving average of $13.76 and a two-hundred day moving average of $14.84.

Wall Street Analyst Weigh In

GHLD has been the subject of several research analyst reports. Wedbush reissued an “outperform” rating and set a $20.00 price target on shares of Guild in a research report on Thursday, November 7th. JPMorgan Chase & Co. decreased their price target on shares of Guild from $13.00 to $11.50 and set an “underweight” rating for the company in a report on Tuesday. Finally, Wells Fargo & Company dropped their price objective on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $16.20.

Institutional Trading of Guild

Several hedge funds and other institutional investors have recently modified their holdings of GHLD. Bridges Investment Management Inc. purchased a new stake in Guild in the 2nd quarter worth approximately $10,497,000. Geode Capital Management LLC raised its holdings in shares of Guild by 2.0% during the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after acquiring an additional 1,901 shares in the last quarter. Empowered Funds LLC boosted its position in Guild by 5.3% during the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock valued at $4,488,000 after purchasing an additional 13,668 shares during the last quarter. Castleview Partners LLC purchased a new position in Guild in the third quarter valued at about $79,000. Finally, Renaissance Technologies LLC increased its position in Guild by 8.2% in the 2nd quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock worth $410,000 after purchasing an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 17.52% of the company’s stock.

About Guild

Guild Holdings Company originates, sells, and services residential mortgage loans in the United States. It operates in two segments, Origination and Servicing. The company offers residential mortgages through retail and correspondent channels. Guild Holdings Company was incorporated in 1960 and is headquartered in San Diego, California.