Finance of America Companies Inc. (NYSE:FOA) Short Interest Up 45.9% in August

Finance of America Companies Inc. (NYSE:FOA) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 58,200 shares, a growth of 45.9% from the August 15th total of 39,900 shares. Currently, 1.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 37,800 shares, the short-interest ratio is currently 1.5 days.

Finance of America Companies Stock Performance

NYSE FOA opened at $11.28 on Monday. The business’s 50 day moving average price is $7.61 and its 200-day moving average price is $6.84. Finance of America Companies has a fifty-two week low of $4.10 and a fifty-two week high of $16.00. The company has a debt-to-equity ratio of 71.55, a current ratio of 2.83 and a quick ratio of 2.83.

Finance of America Companies (NYSE:FOA) last announced its earnings results on Tuesday, August 6th. The company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.15. The firm had revenue of $79.04 million during the quarter, compared to analysts’ expectations of $66.00 million. During the same period in the prior year, the company posted ($0.15) EPS. On average, analysts forecast that Finance of America Companies will post 0.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, UBS Group decreased their target price on shares of Finance of America Companies from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, September 5th.

Institutional Trading of Finance of America Companies

Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in shares of Finance of America Companies by 2.7% in the second quarter. Renaissance Technologies LLC now owns 112,500 shares of the company’s stock worth $55,000 after buying an additional 3,000 shares during the period. AQR Capital Management LLC bought a new position in Finance of America Companies in the 2nd quarter valued at $41,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Finance of America Companies in the 2nd quarter valued at $43,000. Institutional investors own 97.20% of the company’s stock.

Finance of America Companies Company Profile

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.