Finance of America Companies Inc. (NYSE:FOA) Short Interest Up 8.5% in November

Finance of America Companies Inc. (NYSE:FOAGet Free Report) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 73,000 shares, an increase of 8.5% from the October 31st total of 67,300 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily volume of 56,500 shares, the days-to-cover ratio is currently 1.3 days.

Analyst Upgrades and Downgrades

Separately, UBS Group downgraded shares of Finance of America Companies from a “buy” rating to a “neutral” rating and increased their price objective for the company from $14.00 to $24.00 in a research report on Wednesday, November 20th.

Read Our Latest Analysis on Finance of America Companies

Finance of America Companies Stock Up 7.9 %

NYSE:FOA traded up $1.57 during trading hours on Wednesday, hitting $21.44. The stock had a trading volume of 67,456 shares, compared to its average volume of 30,798. The company has a current ratio of 2.80, a quick ratio of 2.80 and a debt-to-equity ratio of 40.07. Finance of America Companies has a 1-year low of $4.10 and a 1-year high of $27.89. The business has a 50 day simple moving average of $14.57 and a two-hundred day simple moving average of $9.78. The company has a market cap of $212.90 million, a PE ratio of 1.85 and a beta of 1.22.

Finance of America Companies (NYSE:FOAGet Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.54. Finance of America Companies had a net margin of 18.89% and a negative return on equity of 4.00%. The company had revenue of $290.07 million during the quarter, compared to the consensus estimate of $72.00 million. During the same quarter last year, the company earned ($1.40) earnings per share. Analysts predict that Finance of America Companies will post 0.11 EPS for the current year.

Institutional Trading of Finance of America Companies

A number of hedge funds have recently made changes to their positions in FOA. AQR Capital Management LLC acquired a new stake in shares of Finance of America Companies during the second quarter worth approximately $41,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Finance of America Companies during the second quarter worth approximately $43,000. Finally, Renaissance Technologies LLC grew its position in shares of Finance of America Companies by 2.7% during the second quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock worth $55,000 after buying an additional 3,000 shares in the last quarter. Institutional investors and hedge funds own 97.20% of the company’s stock.

About Finance of America Companies

(Get Free Report)

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.

Featured Articles

Receive News & Ratings for Finance of America Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Finance of America Companies and related companies with MarketBeat.com's FREE daily email newsletter.