Green Brick Partners (GRBK) : Traders are getting increasingly bearish on Green Brick Partners (GRBK), as can be seen in the addition of short positions from 1,571,657 on Jul 29, 2016, to 1,659,966 on August 15, 2016. The net change in shorts is 88,309 shares, an increase of 5.6%. 22 days remain before the expiry. The 3.5% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 77,052. The short interest information was released on Wednesday Aug 24th after the market close.
Green Brick Partners (NASDAQ:GRBK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.75 and $7.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.84, notching a gain of 1.29% for the day. The total traded volume was 30,887 . The stock had closed at $7.74 on the previous day.
In a related news, Blake Elizabeth, director of Green Brick Partners, Inc., executed a transaction worth $151,800 on August 11, 2016. A total of 20,000 shares were purchased at an average price of $7.59. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Green Brick Partners, Inc., formerly BioFuel Energy Corp., is a real estate operator. The Company is involved in the purchase and development of land for residential use, construction lending and home building operations. The Company operates through two segments: land development and homebuilding services. Within homebuilding services segment, the Company has two divisions: Texas and Georgia. The Companys land development segment conducts its business under the brand Green Brick Communities. The Companys homebuilding services segment conducts its operations primarily through JBGL Builder Finance LLC (Builder Finance). The Company is engaged in various aspects of the homebuilding process, including land acquisition and development, entitlements, design, construction, marketing and sales of various residential projects in master planned communities primarily in the metropolitan areas of Dallas and Fort Worth, Texas (DFW) and Atlanta, Georgia (Atlanta).