Short Interest in Greystone Housing Impact Investors LP (NYSE:GHI) Increases By 97.8%

Greystone Housing Impact Investors LP (NYSE:GHI - Get Free Report) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 17,800 shares, an increase of 97.8% from the May 15th total of 9,000 shares. Based on an average daily trading volume, of 40,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Greystone Housing Impact Investors Stock Performance

GHI traded down $0.06 during trading on Tuesday, reaching $12.15. 48,412 shares of the company were exchanged, compared to its average volume of 47,769. The stock has a market cap of $284.27 million, a P/E ratio of 15.78 and a beta of 0.60. The firm has a 50 day moving average of $11.65 and a 200 day moving average of $11.82. The company has a current ratio of 10.78, a quick ratio of 10.78 and a debt-to-equity ratio of 3.36. Greystone Housing Impact Investors has a 52 week low of $10.12 and a 52 week high of $15.31.

Greystone Housing Impact Investors (NYSE:GHI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.10. The company had revenue of $25.13 million during the quarter, compared to analyst estimates of $23.89 million. Greystone Housing Impact Investors had a return on equity of 5.76% and a net margin of 22.35%. On average, sell-side analysts forecast that Greystone Housing Impact Investors will post 1.9 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Raymond James Financial Inc. increased its position in Greystone Housing Impact Investors by 7.8% in the 1st quarter. Raymond James Financial Inc. now owns 340,762 shares of the company's stock worth $4,202,000 after purchasing an additional 24,707 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Greystone Housing Impact Investors by 9.3% during the 1st quarter. Royal Bank of Canada now owns 166,134 shares of the company's stock valued at $2,048,000 after acquiring an additional 14,163 shares during the last quarter. Bluefin Capital Management LLC acquired a new position in shares of Greystone Housing Impact Investors during the 1st quarter valued at about $1,272,000. Samalin Investment Counsel LLC increased its holdings in shares of Greystone Housing Impact Investors by 40.7% during the 4th quarter. Samalin Investment Counsel LLC now owns 61,826 shares of the company's stock valued at $634,000 after acquiring an additional 17,881 shares during the last quarter. Finally, Bullseye Investment Management LLC acquired a new position in shares of Greystone Housing Impact Investors during the 4th quarter valued at about $628,000. 9.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on GHI shares. JMP Securities decreased their target price on shares of Greystone Housing Impact Investors from $17.50 to $16.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 22nd. Jones Trading decreased their price target on Greystone Housing Impact Investors from $15.00 to $13.50 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Finally, Raymond James reaffirmed an "outperform" rating and set a $17.00 price objective (down previously from $17.50) on shares of Greystone Housing Impact Investors in a research note on Tuesday, March 18th.

About Greystone Housing Impact Investors

Greystone Housing Impact Investors LP acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction and/or permanent financing for multifamily, student, and senior citizen housing; skilled nursing properties; and commercial properties in the United States.