Essent Group Ltd. June 15th Short Interest Update

Essent Group Ltd. (NYSE:ESNT) has witnessed a rise of 15.4% or 137,111 shares in its short figure. The short interest augmentation took it from 892,861 on May 31,2016 to 1,029,972 on June 15,2016. In terms of floated shares, the short interest was calculated to be 1.6%. The days to cover are 3 given that the daily volume averaged 398,592 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

Essent Group Ltd. (NYSE:ESNT): The stock opened at $20.19 on Friday but the bulls could not build on the opening and the stock topped out at $20.46 for the day. The stock traded down to $20.03 during the day, due to lack of any buying support eventually closed down at $20.27 with a loss of -3.89% for the day. The stock had closed at $21.09 on the previous day. The total traded volume was 2,279,743 shares.

The company shares have dropped -25.70% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $29.67 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $21.11 and the 200 Day Moving Average price is recorded at $20.31.

Essent Group Ltd. (NYSE:ESNT) has tumbled 3.66% during the past week and has dropped 6.89% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.06%. Essent Group Ltd. (NYSE:ESNT) has underperformed the index by 4.07% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Essent Group Ltd. (Essent) is a private mortgage insurance company. The Company is engaged in serving the United States housing finance industry. The Company offers private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. The mortgage insurance operations are conducted through Essent Holdings regulated and licensed wholly owned subsidiaries, Essent Guaranty, Inc. (Essent Guaranty) and Essent Guaranty of PA, Inc. (Essent PA). Essent Group also has a wholly owned Class 3A Insurer licensed pursuant to Section 4, Essent Reinsurance Ltd. (Essent Re), which offers mortgage-related insurance and reinsurance. The Company is licensed to write mortgage guaranty coverage in all 50 states and the District of Columbia. The Company operates additional underwriting and service centers in Winston-Salem, North Carolina and Irvine, California.

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