Anywhere Real Estate Inc. (NYSE:HOUS) Sees Large Increase in Short Interest

Anywhere Real Estate Inc. (NYSE:HOUS) was the target of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 3,560,000 shares, an increase of 19.5% from the December 31st total of 2,980,000 shares. Approximately 3.7% of the company’s stock are sold short. Based on an average daily trading volume, of 1,100,000 shares, the days-to-cover ratio is currently 3.2 days.

Wall Street Analyst Weigh In

Separately, Barclays decreased their price objective on shares of Anywhere Real Estate from $4.00 to $3.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Ieq Capital LLC purchased a new stake in Anywhere Real Estate in the 4th quarter valued at about $206,000. Mraz Amerine & Associates Inc. acquired a new position in shares of Anywhere Real Estate during the fourth quarter worth about $33,000. Empowered Funds LLC grew its position in shares of Anywhere Real Estate by 5.1% during the fourth quarter. Empowered Funds LLC now owns 576,064 shares of the company’s stock worth $1,901,000 after buying an additional 28,079 shares in the last quarter. Empirical Asset Management LLC acquired a new position in shares of Anywhere Real Estate during the fourth quarter worth about $52,000. Finally, Nordea Investment Management AB grew its position in shares of Anywhere Real Estate by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 647,506 shares of the company’s stock worth $2,208,000 after buying an additional 34,709 shares in the last quarter. Hedge funds and other institutional investors own 97.56% of the company’s stock.

Anywhere Real Estate Price Performance

Anywhere Real Estate stock traded down $0.12 during trading on Monday, reaching $3.50. The company had a trading volume of 63,263 shares, compared to its average volume of 1,167,175. The firm’s 50-day simple moving average is $3.85 and its 200 day simple moving average is $4.36. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.36 and a current ratio of 0.36. The firm has a market capitalization of $388.85 million, a PE ratio of -2.23 and a beta of 2.40. Anywhere Real Estate has a 1-year low of $2.71 and a 1-year high of $7.89.

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

Anywhere Real Estate Company Profile

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.