PulteGroup June 15th Short Interest Update

PulteGroup (NYSE:PHM) has shown a drop of 11.8% or 2,550,262 shares in the short positions. The bets have increased to 19,114,631 shares on June 15,2016 from 21,664,893 shares on May 31,2016. With respect to the floated shares, the shorts are 6.2%. The days to cover are calculated to be 4, using the standard per day volume of 4,804,137 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

PulteGroup (NYSE:PHM): The stock opened at $18.35 on Friday but the bulls could not build on the opening and the stock topped out at $18.87 for the day. The stock traded down to $18.33 during the day, due to lack of any buying support eventually closed down at $18.40 with a loss of -3.97% for the day. The stock had closed at $19.16 on the previous day. The total traded volume was 9,167,465 shares.

The company shares have dropped -8.37% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $22.10 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $18.65 and the 200 Day Moving Average price is recorded at $17.80.

PulteGroup (NYSE:PHM) has tumbled 3.41% during the past week and has dropped 2.44% in the last 4 week period. The stocks have underperformed the S&P 500 by 1.81% during the past week but PulteGroup (NYSE:PHM) it has outperformed the index in 4 weeks by 0.51%.

PulteGroup, Inc. (PulteGroup) is a homebuilder operating in the United States. The Companys subsidiaries engage in the homebuilding business. The Company also offers mortgage banking operations through Pulte Mortgage LLC (Pulte Mortgage) and title operations. It offers a variety of home designs, including single-family detached, townhouses, condominiums and duplexes. It has delivered approximately 640,000 homes. It operates in approximately 49 markets located throughout 26 states. The Company operates through its Homebuilding and Financial Services segments. The Companys Homebuilding Operations include the acquisition and development of land for residential purposes within the United States and the construction of housing on such land. The Financial Services operations consist of mortgage banking and title operations.

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