Short Interest Update on Toll Brothers (TOL)

Toll Brothers (TOL) : 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 6,174,414 to 6,065,380 shares, with 4 days to go before the expiry. The short open interest has decreased by -1.8%, amounting to a reduction of -109,034 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 4% of the float of the company. The average daily volume of the stock is 1,560,166 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Toll Brothers (NYSE:TOL): The stock opened at $31.80 on Wednesday but the bulls could not build on the opening and the stock topped out at $31.91 for the day. The stock traded down to $30.94 during the day, due to lack of any buying support eventually closed down at $31.03 with a loss of -2.76% for the day. The stock had closed at $31.91 on the previous day. The total traded volume was 5,584,736 shares.


In a related news,The director of Toll Brothers Inc, Marbach Carl B sold 3,000 shares at $29.12 on May 26, 2016. The Insider selling transaction had a total value worth of $87,360. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Toll Brothers, Inc., is a property development company. The Company is engaged in designing, building, marketing and arranging finance for detached and attached homes in luxury residential communities. The Company caters to move-up, empty-nester, active-adult, age-qualified and second-home buyers in the United States. The Company also builds and sells homes in urban infill markets through Toll City Living community. The Company operates on own land development, architectural, engineering, mortgage, title, landscaping, security monitoring, lumber distribution, house component assembly, and manufacturing operations. The Company also develops, owns and operates golf courses and country clubs, which are associated with planned communities.

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