PulteGroup (PHM): Price Target and June Short Interest Disclosure

PulteGroup (PHM) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $25 and the lowest price target forecast is $18. The average forecast of all the analysts is $20.29 and the expected standard deviation is $2.5.

PulteGroup (PHM) reported a rise of 6.4% or 1,215,050 shares in its short interest. The short figure came in at 6.5% of the total floats. The average daily volume of 4,956,061 shares suggests that the days to cover 20,329,681 short positions, as on June 30,2016, will be 4. On June 15,2016, the short interest was 19,114,631 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Raymond James downgrades the rating on PulteGroup (NYSE:PHM). The brokerage firm has issued a Market Perform rating on the shares. The shares were previously rated Outperform. The rating by the firm was issued on April 25, 2016.


PulteGroup (NYSE:PHM): On Thursdays trading session , Opening price of the stock was $20.54 with an intraday high of $20.65. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $20.35. However, the stock managed to close at $20.37, a loss of 0.29% for the day. On the previous day, the stock had closed at $20.43. The total traded volume of the day was 2,219,633 shares.

PulteGroup, Inc. (PulteGroup) is a homebuilder operating in the United States. The Companys subsidiaries engage in the homebuilding business. The Company also offers mortgage banking operations through Pulte Mortgage LLC (Pulte Mortgage) and title operations. It offers a variety of home designs, including single-family detached, townhouses, condominiums and duplexes. It has delivered approximately 640,000 homes. It operates in approximately 49 markets located throughout 26 states. The Company operates through its Homebuilding and Financial Services segments. The Companys Homebuilding Operations include the acquisition and development of land for residential purposes within the United States and the construction of housing on such land. The Financial Services operations consist of mortgage banking and title operations.

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