American Homes 4 Rent (NYSE:AMH), A increase of 958,505 shares or 12.5% was observed in the short interest of American Homes 4 Rent The interest on June 15,2016 came in at 8,630,006 shares and as per the average daily trading of 1,840,118 shares, the days to cover are 5. The increased interest is 4.1% of the floated shares. The data of May 31,2016 put the interest at 7,671,501 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
American Homes 4 Rent (NYSE:AMH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $18.57 and $18.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $19.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $19.12, notching a gain of 0.68% for the day. The total traded volume was 6,792,193 . The stock had closed at $18.99 on the previous day.
The company shares have rallied 20.03% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $19.17 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $18.05 and the 200 Day Moving Average price is recorded at $16.07.
American Homes 4 Rent (NYSE:AMH) has climbed 4.14% in the past week and advanced 2.91% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5.87% and the outperformance has advanced to 6.02% for the last 4 weeks period.
American Homes 4 Rent is an internally managed real estate investment trust (REIT). The Company focuses on acquiring, renovating, leasing and operating single-family homes as rental properties. The Company has an integrated operating platform that consists of personnel engaged in property management, acquisitions, construction, marketing, leasing, financial and administrative functions. As of December 31, 2014, the Companys entire portfolio of single-family properties was internally managed through its property management platform. The Companys single-family properties include Dallas-Fort Worth, Texas; Indianapolis, Indiana; Atlanta, Georgia; Charlotte, North Carolina; Greater Chicago area, Illinois and Indiana; Cincinnati, Ohio; Houston, Texas; Tampa, Florida; Phoenix, Arizona, and Jacksonville, Florida, among others.