Lennar Corporation June 15th Short Interest Update

Lennar Corporation (NYSE:LEN), According to the latest information the short interest in Lennar plummeted by 18.4% or 3,191,787 shares. The final shorts are 7.9% of the total floated shares. The positions dropped from 17,342,678 shares on May 31,2016 to 14,150,891 on June 15,2016. According to the per-day average trading of 2,555,856 shares, the days to cover are 6. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Lennar Corporation (NYSE:LEN): The stock opened at $44.88 on Friday but the bulls could not build on the opening and the stock topped out at $45.60 for the day. The stock traded down to $44.55 during the day, due to lack of any buying support eventually closed down at $44.73 with a loss of -3.97% for the day. The stock had closed at $46.58 on the previous day. The total traded volume was 4,013,201 shares.

The company shares have dropped -12.00% from its 1 Year high price. On Aug 19, 2015, the shares registered one year high at $56.04 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $45.33 and the 200 Day Moving Average price is recorded at $45.11.

Lennar Corporation (NYSE:LEN) has tumbled 3.18% during the past week and has dropped 2.21% in the last 4 week period. The stocks have underperformed the S&P 500 by 1.58% during the past week but Lennar Corporation (NYSE:LEN) it has outperformed the index in 4 weeks by 0.75%.

Lennar Corporation is a real estate company. The Company is a homebuilder, a provider of real estate-related financial services, a commercial real estate investment, investment management and finance company. It operates under Homebuilding Operations, Lennar Financial Services, Rialto and Lennar Multifamily segments. It has grouped its homebuilding activities into five segments: Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston. Its homebuilding operations include the construction and sale of single-family attached and detached homes. Lennar Financial Services offers residential mortgage loan products to buyers of their homes and others. The Rialto segment is a commercial real estate investment, investment management and finance company. The Lennar Multifamily segment focuses on developing a portfolio of multifamily rental properties in select United States markets. It operates under brand name Lennar.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.