Finance of America Companies Inc. (NYSE:FOA) Short Interest Up 9.2% in March

Finance of America Companies Inc. (NYSE:FOA - Get Free Report) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 968,200 shares, a growth of 9.2% from the February 29th total of 886,600 shares. Approximately 4.0% of the shares of the company are short sold. Based on an average trading volume of 88,900 shares, the short-interest ratio is currently 10.9 days.

Analyst Upgrades and Downgrades

Separately, UBS Group initiated coverage on Finance of America Companies in a research report on Wednesday, December 6th. They issued a "buy" rating and a $1.40 price objective on the stock.

Finance of America Companies Price Performance

Shares of FOA stock traded down $0.01 on Tuesday, reaching $0.71. The company's stock had a trading volume of 149,443 shares, compared to its average volume of 90,993. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 63.71. Finance of America Companies has a 12-month low of $0.66 and a 12-month high of $2.25. The company has a market capitalization of $68.10 million, a P/E ratio of -0.67 and a beta of 0.88. The stock's 50 day simple moving average is $0.83 and its 200-day simple moving average is $0.98.

Finance of America Companies (NYSE:FOA - Get Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.01). The company had revenue of $275.73 million during the quarter, compared to the consensus estimate of $62.00 million.

Institutional Investors Weigh In On Finance of America Companies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in Finance of America Companies during the third quarter valued at about $33,000. JPMorgan Chase & Co. raised its position in Finance of America Companies by 48.7% during the second quarter. JPMorgan Chase & Co. now owns 46,171 shares of the company's stock valued at $88,000 after purchasing an additional 15,125 shares in the last quarter. Bank of America Corp DE raised its position in Finance of America Companies by 135.0% during the fourth quarter. Bank of America Corp DE now owns 66,571 shares of the company's stock valued at $85,000 after purchasing an additional 38,246 shares in the last quarter. Barclays PLC raised its position in Finance of America Companies by 616.6% during the fourth quarter. Barclays PLC now owns 73,898 shares of the company's stock valued at $82,000 after purchasing an additional 63,585 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Finance of America Companies by 229.8% during the second quarter. Rhumbline Advisers now owns 48,967 shares of the company's stock valued at $77,000 after purchasing an additional 34,119 shares in the last quarter. Hedge funds and other institutional investors own 97.20% of the company's stock.

About Finance of America Companies

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.

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