Landsea Homes Co. (NASDAQ:LSEA) Short Interest Up 31.2% in May

Landsea Homes Co. (NASDAQ:LSEA - Get Free Report) was the target of a large increase in short interest in May. As of May 31st, there was short interest totalling 2,060,000 shares, an increase of 31.2% from the May 15th total of 1,570,000 shares. Currently, 9.5% of the company's stock are short sold. Based on an average trading volume of 997,100 shares, the days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On Landsea Homes

A number of hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN raised its stake in Landsea Homes by 17.9% during the 4th quarter. Wells Fargo & Company MN now owns 12,306 shares of the company's stock valued at $104,000 after acquiring an additional 1,870 shares during the last quarter. Northern Trust Corp raised its stake in shares of Landsea Homes by 1.5% during the fourth quarter. Northern Trust Corp now owns 146,404 shares of the company's stock worth $1,243,000 after purchasing an additional 2,140 shares during the last quarter. IFP Advisors Inc raised its position in Landsea Homes by 100.5% during the 1st quarter. IFP Advisors Inc now owns 4,589 shares of the company's stock worth $30,000 after buying an additional 2,300 shares during the last quarter. Ameriprise Financial Inc. raised its position in Landsea Homes by 0.6% during the 4th quarter. Ameriprise Financial Inc. now owns 617,522 shares of the company's stock worth $5,243,000 after buying an additional 3,535 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Landsea Homes by 100.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company's stock worth $63,000 after buying an additional 3,721 shares during the last quarter. 82.99% of the stock is currently owned by hedge funds and other institutional investors.

Landsea Homes Stock Performance

LSEA traded up $0.01 during trading on Tuesday, hitting $11.29. 1,028,442 shares of the stock were exchanged, compared to its average volume of 464,647. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 0.78. Landsea Homes has a 1-year low of $5.41 and a 1-year high of $14.04. The stock has a fifty day moving average price of $8.65 and a two-hundred day moving average price of $8.30. The firm has a market capitalization of $411.07 million, a P/E ratio of 15.68, a PEG ratio of 0.45 and a beta of 1.91.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LSEA. Wedbush restated a "neutral" rating and set a $11.30 target price (down previously from $15.00) on shares of Landsea Homes in a research note on Tuesday, May 13th. Barclays set a $11.00 price objective on shares of Landsea Homes and gave the stock an "equal weight" rating in a research report on Tuesday, May 20th. Finally, Oppenheimer downgraded shares of Landsea Homes from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 13th.

Landsea Homes Company Profile

Landsea Homes Corporation engages in the design, construction, marketing, and sale of suburban and urban single-family detached and attached homes in the United States. The company develops homes and communities; builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities.

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