Short Interest Update on American Homes 4 Rent (AMH)

American Homes 4 Rent (AMH) : The conviction of the bears is waning as is visible by the drop in the short positions from Jul 29, 2016, to August 15, 2016. The total outstanding shorts decreased from 7,905,911 to 7,365,544 shares, with 5 days to go before the expiry. The short open interest has decreased by -6.8%, amounting to a reduction of -540,367 shares. Only a handful of traders believe that the stock has a large downside from current levels, as seen in the low short interest of 3.5% of the float of the company. The average daily volume of the stock is 1,621,252 shares. The short interest information was released on Wednesday Aug 24th after the market close.

American Homes 4 Rent (NYSE:AMH): The stock opened at $22.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $22.03 for the day. The stock traded down to $21.66 during the day, due to lack of any buying support eventually closed down at $21.87 with a loss of -0.73% for the day. The stock had closed at $22.03 on the previous day. The total traded volume was 1,110,240 shares.


In a related news, Benham Douglas N, director of American Homes 4 Rent, executed a transaction worth $201,600 on July 5, 2016. A total of 8,000 shares were purchased at an average price of $25.2. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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.

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