TRI Pointe Group (TPH) : 6 days before expiry, shorts in TRI Pointe Group (TPH) have reduced from 11,207,924 on Jul 29, 2016, to 10,150,897 on August 15, 2016. On an average, 1,589,492 shares are traded on the exchange. The outstanding bearish positions are equal to 7% of the float. Short sellers have covered -1,057,027 shares, a reduction of -9.4%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
TRI Pointe Group (NYSE:TPH): The stock opened at $14.04 on Wednesday but the bulls could not build on the opening and the stock topped out at $14.12 for the day. The stock traded down to $13.78 during the day, due to lack of any buying support eventually closed down at $13.80 with a loss of -1.92% for the day. The stock had closed at $14.07 on the previous day. The total traded volume was 897,618 shares.
In a related news, The Securities and Exchange Commission has divulged that Bauer Douglas F., director officer (Chief Executive Officer) of Tri Pointe Homes, Inc., had unloaded 80,000 shares at an average price of $15.2 in a transaction dated on July 1, 2015. The total value of the transaction was worth $1,216,000.
TRI Pointe Group, Inc., formerly Tri Pointe Homes, Inc., is engaged in the design, construction and sale of single-family homes. The Companys operations are organized into six segments: Maracay, consisting of operations in Arizona; Pardee, consisting of operations in California and Nevada; Quadrant, consisting of operations in Washington; Trendmaker, consisting of operations in Texas; TRI Pointe, consisting of operations in California and Colorado, and Winchester, consisting of operations in Maryland and Virginia. The Company operates approximately 108 communities and 29,718 lots owned or controlled. The Company sells its homes through its own sales representatives and through independent real estate brokers.