Short Interest in Anywhere Real Estate Inc. (NYSE:HOUS) Grows By 44.0%

Anywhere Real Estate Inc. (NYSE:HOUS) was the target of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,680,000 shares, an increase of 44.0% from the February 28th total of 3,250,000 shares. Approximately 4.5% of the company’s shares are sold short. Based on an average daily trading volume, of 1,200,000 shares, the short-interest ratio is currently 3.9 days.

Institutional Trading of Anywhere Real Estate

Several large investors have recently added to or reduced their stakes in HOUS. Dimensional Fund Advisors LP grew its holdings in Anywhere Real Estate by 8.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,861,712 shares of the company’s stock valued at $19,344,000 after purchasing an additional 433,960 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in Anywhere Real Estate by 10.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 5,425,405 shares of the company’s stock worth $17,904,000 after acquiring an additional 517,606 shares during the period. RPD Fund Management LLC bought a new position in Anywhere Real Estate in the fourth quarter worth about $17,137,000. Gator Capital Management LLC boosted its stake in Anywhere Real Estate by 42.8% in the fourth quarter. Gator Capital Management LLC now owns 2,525,050 shares of the company’s stock valued at $8,333,000 after acquiring an additional 756,800 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Anywhere Real Estate by 3.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,504,807 shares of the company’s stock worth $4,966,000 after purchasing an additional 48,992 shares during the period. 97.56% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Barclays reduced their target price on Anywhere Real Estate from $4.00 to $3.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th.

Anywhere Real Estate Trading Down 4.6 %

Shares of NYSE:HOUS traded down $0.17 during trading on Friday, reaching $3.47. 877,919 shares of the stock were exchanged, compared to its average volume of 1,345,731. The firm’s 50-day moving average price is $3.63 and its 200 day moving average price is $4.06. The firm has a market cap of $388.26 million, a price-to-earnings ratio of -2.99 and a beta of 2.46. Anywhere Real Estate has a 12-month low of $2.71 and a 12-month high of $6.19. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.36 and a current ratio of 0.33.

Anywhere Real Estate (NYSE:HOUS) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($0.09). Anywhere Real Estate had a negative return on equity of 5.88% and a negative net margin of 2.25%. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.28 billion. On average, sell-side analysts anticipate that Anywhere Real Estate will post 0.05 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.