Landsea Homes Co. (NASDAQ:LSEA) Short Interest Update

Landsea Homes Co. (NASDAQ:LSEA - Get Free Report) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totalling 1,570,000 shares, a growth of 30.8% from the April 30th total of 1,200,000 shares. Based on an average trading volume of 982,300 shares, the days-to-cover ratio is presently 1.6 days. Approximately 7.2% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays set a $11.00 price objective on shares of Landsea Homes and gave the stock an "equal weight" rating in a research note on Tuesday, May 20th. Oppenheimer lowered shares of Landsea Homes from an "outperform" rating to a "market perform" rating in a research note on Tuesday, May 13th. Finally, Wedbush reiterated a "neutral" rating and issued a $11.30 price objective (down previously from $15.00) on shares of Landsea Homes in a research note on Tuesday, May 13th.

Landsea Homes Stock Performance

LSEA stock traded down $0.01 during midday trading on Thursday, hitting $11.27. 94,558 shares of the stock traded hands, compared to its average volume of 444,597. The firm has a market cap of $410.16 million, a P/E ratio of 15.65, a PEG ratio of 0.45 and a beta of 1.91. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81. The stock's fifty day simple moving average is $7.82 and its 200-day simple moving average is $8.33. Landsea Homes has a 1-year low of $5.41 and a 1-year high of $14.04.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Barclays PLC raised its position in shares of Landsea Homes by 87.0% during the 3rd quarter. Barclays PLC now owns 209,290 shares of the company's stock worth $2,585,000 after purchasing an additional 97,391 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Landsea Homes during the 4th quarter worth about $205,000. Wells Fargo & Company MN raised its position in shares of Landsea Homes by 17.9% during the 4th quarter. Wells Fargo & Company MN now owns 12,306 shares of the company's stock worth $104,000 after purchasing an additional 1,870 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Landsea Homes by 36.6% during the 4th quarter. Sanctuary Advisors LLC now owns 54,012 shares of the company's stock worth $473,000 after purchasing an additional 14,464 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of 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 purchasing an additional 3,721 shares during the last quarter. Institutional investors and hedge funds own 82.99% of the company's stock.

About Landsea Homes

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.