D.R. Horton June 15th Short Interest Update

D.R. Horton (NYSE:DHI) encountered a drop of 5.3% or -835,478 shares in the short positions. The number dropped from 15,895,902 on May 31,2016 to 15,060,424 on June 15,2016. The final interest is 4.5% of the floated stock. The days to cover figure of 5 can be arrived using the average daily exchange of 3,139,598 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

D.R. Horton (NYSE:DHI): The stock opened at $30.03 on Friday but the bulls could not build on the opening and the stock topped out at $30.83 for the day. The stock traded down to $29.85 during the day, due to lack of any buying support eventually closed down at $30.36 with a loss of -2.97% for the day. The stock had closed at $31.29 on the previous day. The total traded volume was 7,777,174 shares.

The company shares have rallied 10.84% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $33.10 and the one year low was seen on Feb 9, 2016. The 50-Day Moving Average price is $30.38 and the 200 Day Moving Average price is recorded at $29.35.

D.R. Horton (NYSE:DHI) has tumbled 1.75% during the past week and has dropped 0.72% in the last 4 week period. The stocks have underperformed the S&P 500 by 0.12% during the past week but D.R. Horton (NYSE:DHI) it has outperformed the index in 4 weeks by 2.28%.

D.R. Horton, Inc. is a homebuilding company. The Company is engaged in the acquisition and development of land and the construction and sale of residential homes, through its operating divisions in around 27 states and over 79 metropolitan markets of the United States, under the names of D.R. Horton, Americas Builder, Express Homes, Emerald Homes, Breland Homes, Regent Homes, Crown Communities and Pacific Ridge Homes. The Company operates through two segments: homebuilding and financial services operation. The Company designs, builds and sells single-family detached homes on lots it develops and on fully developed lots purchased ready for home construction. To a lesser extent, the Company builds and sells attached homes, such as town homes, duplexes, triplexes and condominiums. The Company sells land and lots to other developers and homebuilders where it has excess land and lot positions or for other strategic reasons.

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