M.D.C. Holdings (MDC) : The short interest in M.D.C. Holdings (MDC) has increased from 2,643,634 to 2,775,384 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 491,650 shares are traded daily in the stock and only 6 days are left for the shorts to cover. The short open interest is 8% of the total shares in the hands of the public. The shorts in the stock have gone up by 131,750 shares, which is an increase of 5% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.
M.D.C. Holdings (NYSE:MDC): The stock opened at $26.32 on Wednesday but the bulls could not build on the opening and the stock topped out at $26.32 for the day. The stock traded down to $25.92 during the day, due to lack of any buying support eventually closed down at $26.06 with a loss of -1.25% for the day. The stock had closed at $26.39 on the previous day. The total traded volume was 283,083 shares.
M.D.C. Holdings, Inc. (MDC) is engaged in two primary operations, homebuilding and financial services. The Companys homebuilding operations consist of wholly owned subsidiary companies that purchase finished lots or develop lots to the extent necessary for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes. The Companys homebuilding operations consist of various homebuilding divisions. Its financial services operations consist of HomeAmerican Mortgage Corporation (HomeAmerican); Allegiant Insurance Company, Inc. (Allegiant); StarAmerican Insurance Ltd.; American Home Insurance Agency, Inc., and American Home Title and Escrow Company, which provides title agency services to its homebuilding subsidiaries and its customers in certain states.