Breaking Short Interest: D R Horton Incorporated (NYSE:DHI) Just Reported Increased Shorts

December 1, 2016 - By Clifton Ray   ·   0 Comments

Breaking Short Interest: D R Horton Incorporated (NYSE:DHI) Just Reported Increased Shorts

The stock of D R Horton Incorporated (NYSE:DHI) registered an increase of 17.97% in short interest. DHI’s total short interest was 10.99M shares in December as published by FINRA. Its up 17.97% from 9.31M shares, reported previously. With 4.07M shares average volume, it will take short sellers 3 days to cover their DHI’s short positions. The short interest to D R Horton Incorporated’s float is 3.26%. The stock decreased 3.88% or $1.12 during the last trading session, hitting $27.72. D.R. Horton, Inc. (NYSE:DHI) has declined 8.70% since April 28, 2016 and is downtrending. It has underperformed by 14.62% the S&P500.

D.R. Horton, Inc. is a homebuilding company. The company has a market cap of $10.67 billion. The Firm is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. It has a 11.74 P/E ratio. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes.

Insitutional Activity: The institutional sentiment increased to 1.22 in Q2 2016. Its up 0.18, from 1.04 in 2016Q1. The ratio improved, as 35 funds sold all D.R. Horton, Inc. shares owned while 173 reduced positions. 52 funds bought stakes while 165 increased positions. They now own 306.26 million shares or 2.23% less from 313.26 million shares in 2016Q1.
Stephens Ar last reported 0.05% of its portfolio in the stock. Mark Asset Mgmt Corporation, a New York-based fund reported 207,769 shares. Liberty Mutual Gp Asset Management has invested 0.08% of its portfolio in D.R. Horton, Inc. (NYSE:DHI). Highlander Cap Limited Liability Company owns 400 shares or 0.01% of their US portfolio. Meag Munich Ergo Kapitalanlagegesellschaft Mbh accumulated 130,816 shares or 0.37% of the stock. Hsbc Hldgs Public Ltd last reported 468,199 shares in the company. Wall Street Associate has 0.15% invested in the company for 12,289 shares. Ontario Teachers Pension Plan Board holds 0.09% of its portfolio in D.R. Horton, Inc. (NYSE:DHI) for 268,686 shares. Parametric Portfolio Assocs Ltd Liability Company has 642,301 shares for 0.03% of their US portfolio. Profund Ltd Limited Liability Company last reported 0.01% of its portfolio in the stock. Benjamin F Edwards And has 0% invested in the company for 51 shares. Sfmg Limited Liability Co holds 0.11% of its portfolio in D.R. Horton, Inc. (NYSE:DHI) for 15,783 shares. Friess Assoc Ltd has 0.79% invested in the company for 246,920 shares. Aviva Public Ltd holds 201,854 shares or 0.04% of its portfolio. Regentatlantic Capital Ltd Liability Corp last reported 0.13% of its portfolio in the stock.

Insider Transactions: Since July 22, 2016, the stock had 0 insider buys, and 3 sales for $678,062 net activity. Hewatt Michael W sold 5,000 shares worth $159,340. BUCHANAN MICHAEL R also sold $405,553 worth of D.R. Horton, Inc. (NYSE:DHI) shares. Allen Barbara K had sold 3,333 shares worth $113,169.

D.R. Horton, Inc. (NYSE:DHI) Ratings Coverage

Out of 16 analysts covering DR Horton Inc (NYSE:DHI), 10 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 63% are positive. DR Horton Inc has been the topic of 29 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Bank of America downgraded the shares of DHI in a report on Friday, July 22 to “Neutral” rating. The stock has “Sector Perform” rating given by FBN Securities on Monday, October 10. The firm has “Neutral” rating given on Friday, January 15 by UBS. On Tuesday, September 13 the stock rating was upgraded by Bank of America to “Buy”. FBN Securities downgraded the shares of DHI in a report on Monday, April 18 to “Underperform” rating. Barclays Capital maintained D.R. Horton, Inc. (NYSE:DHI) rating on Tuesday, October 13. Barclays Capital has “Equal-Weight” rating and $31 price target. The firm has “Neutral” rating by UBS given on Monday, January 18. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, March 21 report. Wedbush initiated the shares of DHI in a report on Tuesday, September 20 with “Outperform” rating. The firm has “Buy” rating given on Tuesday, November 10 by Compass Point.

DHI Company Profile

D.R. Horton, Inc., incorporated on July 1, 1991, is a homebuilding company. The Firm is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, America’s Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes. The Firm operates through two divisions: homebuilding and financial services operation. The Firm designs, manufactures and sells single-family detached homes on lots it develops and on fully developed lots purchased ready for home construction. To a lesser extent, the Company manufactures and sells attached homes, such as town homes, duplexes, triplexes and condominiums. The Firm sells land and lots to other developers and homebuilders where it has excess land and lot positions or for other strategic reasons.

More important recent D.R. Horton, Inc. (NYSE:DHI) news were published by: Wsj.com which released: “Judge Fines DR Horton $16 Million Over HOA Management” on November 10, 2016, also Businessinsider.com published article titled: “DR Horton beats as it sells more homes at higher prices”, Zacks.com published: “D.R. Horton Inc. (DHI) Misses on Q4 Earnings” on November 08, 2016. More interesting news about D.R. Horton, Inc. (NYSE:DHI) was released by: Nasdaq.com and their article: “D.R. Horton, Inc. (DHI) Ex-Dividend Date Scheduled for November 23, 2016” with publication date: November 22, 2016.

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By Clifton Ray

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