KB Home June 15th Short Interest Update

KB Home (NYSE:KBH), According to the latest information the short interest in K B Home plummeted by 4.3% or 876,866 shares. The final shorts are 26.8% of the total floated shares. The positions dropped from 20,189,922 shares on May 31,2016 to 19,313,056 on June 15,2016. According to the per-day average trading of 1,886,888 shares, the days to cover are 10. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

KB Home (NYSE:KBH): The stock opened at $14.46 on Friday but the bulls could not build on the opening and the stock topped out at $14.93 for the day. The stock traded down to $14.34 during the day, due to lack of any buying support eventually closed down at $14.82 with a loss of -1.72% for the day. The stock had closed at $15.08 on the previous day. The total traded volume was 5,149,743 shares.

The company shares have dropped -11.58% from its 1 Year high price. On Jun 29, 2015, the shares registered one year high at $17.30 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $13.73 and the 200 Day Moving Average price is recorded at $12.76.

KB Home (NYSE:KBH) has climbed 3.85% in the past week and advanced 7.47% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 5.58% and the outperformance has advanced to 10.72% for the last 4 weeks period.

KB Home is a homebuilding company that constructs and sells homes through its operating divisions under the name KB Home. The Company operates through five operating segments, which includes four homebuilding segments and one financial services segment. The Companys homebuilding operations are organized into four segments: West Coast, Southwest, Central and Southeast. The Company delivered approximately 7,215 homes through its four homebuilding segments. The Companys financial services segment offers property and casualty insurance and, in certain instances, earthquake, flood and personal property insurance to its homebuyers. The Company also provides title services in the majority of its markets located within Central and Southeast homebuilding reporting segments. This segment also offers mortgage banking services, including residential consumer mortgage loan originations, to its homebuyers indirectly through Home Community Mortgage, LLC (HCM).

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