New Home Company Inc. (The) (NYSE:NWHM) Sees Significantly Lower Trading Volume

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(NYSE:NWHM) shares saw light trading volume with 2,492 shares changing hands in the last trading session. Trading volume was down 95.70% under the stocks average daily volume.

Traders are feeling more bearish on New Home Company Inc. (The) of late if you pay attention to the motion in short interest. The firm experienced a rise in short interest between August 15, 2017 and August 31, 2017 of 27.68%. Short interest increased 49,142 over that period. With short interest at 226,665 and short average daily volume at 57,880, days to cover is 4.0 and the percentage of shorted shares was 0.01% on August 31.

These funds have shifted positions in (NWHM). Tower Research Capital LLC (trc) trimmed its holdings by shedding 899 shares a decrease of 100.0% as of 06/30/2017. Tower Research Capital LLC (trc) now controls 0 shares with a value of $0. The value of the position overall is down by 100.0%. As of quarter end Spark Investment Management LLC had acquired 10,800 shares growing its stake by 23.1%. The value of the investment in (NWHM) increased from $488,000 to $659,000 a change of $171,000 since the last quarter.

As of the end of the quarter Ubs Group Ag had sold a total of 1,271 shares trimming its position 38.8%. The value of the company’s investment in New Home Company Inc. (The) went from $34,000 to $23,000 a change of 32.4% for the reporting period. As of the end of the quarter Janus Capital Management LLC had acquired a total of 14 shares growing its holdings by 0.0%. The value of the total investment in New Home Company Inc. (The) went from $6,981,000 to $6,236,000 decreasing 10.7% quarter over quarter.

The company is now up by 0.61% percent from yesterday’s close. Shares last traded at $11.53 a bit higher than the 50 day moving average of $10.56 and which is marginally higher than the 200 day moving average of $10.96. The 50 day moving average was up by +9.21% and the 200 day average moved up $0.57.

The company’s P/E ratio is 11.13 and the market cap of the company is 240.69M. As of the latest earnings report the EPS was $1.04 and is projected to be $0.94 for the current year with 20,875,000 shares now outstanding. Next quarter’s EPS is expected be $0.65 and the next full year EPS is projected to be $1.24.

The New Home Company Inc., launched on June 25, 2009, is a homebuilding company. The Company focuses on the design, construction and sale of consumer-driven homes in various metropolitan areas within certain markets in California and Arizona, including coastal Southern California, the San Francisco Bay area, metro Sacramento and the greater Phoenix area. The Business’s segments include homebuilding and fee building. The homebuilding operations consist of divisions in Northern California, Southern California and its division in Arizona, which is established through the purchase of lots in an unconsolidated joint venture. The Company is focused on building and selling homes for its own account and it also has fee building business..