TRI Pointe Group June 15th Short Interest Update

TRI Pointe Group (NYSE:TPH) has witnessed a drop of 7.4% or 962,190 shares in its short figure. The short interest diminution took it from 12,937,202 on May 31,2016 to 11,975,012 on June 15,2016. In terms of floated shares, the short interest was calculated to be 8.2%. The days to cover are 7 given that the daily volume averaged 1,596,812 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

TRI Pointe Group (NYSE:TPH): The stock opened at $11.70 on Friday but the bulls could not build on the opening and the stock topped out at $11.98 for the day. The stock traded down to $11.59 during the day, due to lack of any buying support eventually closed down at $11.69 with a loss of -5.50% for the day. The stock had closed at $12.37 on the previous day. The total traded volume was 2,906,389 shares.

The company shares have dropped -24.58% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $16.05 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $11.56 and the 200 Day Moving Average price is recorded at $11.34.

TRI Pointe Group (NYSE:TPH) has tumbled 2.58% during the past week and has dropped 0.68% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.97% during the past week but TRI Pointe Group (NYSE:TPH) it has outperformed the index in 4 weeks by 2.33%.

TRI Pointe Group, Inc., formerly Tri Pointe Homes, Inc., is engaged in the design, construction and sale of single-family homes. The Companys operations are organized into six segments: Maracay, consisting of operations in Arizona; Pardee, consisting of operations in California and Nevada; Quadrant, consisting of operations in Washington; Trendmaker, consisting of operations in Texas; TRI Pointe, consisting of operations in California and Colorado, and Winchester, consisting of operations in Maryland and Virginia. The Company operates approximately 108 communities and 29,718 lots owned or controlled. The Company sells its homes through its own sales representatives and through independent real estate brokers.

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