loanDepot, Inc. (NYSE:LDI) Short Interest Update

loanDepot, Inc. (NYSE:LDI - Get Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 2,190,000 shares, a decline of 17.0% from the March 15th total of 2,640,000 shares. Approximately 3.0% of the company's stock are short sold. Based on an average trading volume of 1,040,000 shares, the days-to-cover ratio is currently 2.1 days.

loanDepot Stock Down 2.2 %

NYSE:LDI traded down $0.03 during trading hours on Wednesday, reaching $1.10. The company's stock had a trading volume of 818,569 shares, compared to its average volume of 796,603. The stock has a 50 day moving average price of $1.39 and a two-hundred day moving average price of $1.82. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market capitalization of $359.47 million, a P/E ratio of -2.11, a price-to-earnings-growth ratio of 0.25 and a beta of 3.38. loanDepot has a 12 month low of $1.01 and a 12 month high of $3.23.

Wall Street Analysts Forecast Growth

Separately, UBS Group dropped their target price on shares of loanDepot from $1.35 to $1.25 and set a "neutral" rating on the stock in a report on Wednesday, April 16th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Atria Investments Inc lifted its position in shares of loanDepot by 29.2% during the fourth quarter. Atria Investments Inc now owns 28,313 shares of the company's stock valued at $58,000 after buying an additional 6,397 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of loanDepot by 11.8% during the 4th quarter. Cetera Investment Advisers now owns 103,148 shares of the company's stock worth $210,000 after acquiring an additional 10,846 shares in the last quarter. LPL Financial LLC lifted its position in loanDepot by 39.3% during the fourth quarter. LPL Financial LLC now owns 40,035 shares of the company's stock valued at $82,000 after acquiring an additional 11,286 shares during the last quarter. Empowered Funds LLC boosted its stake in loanDepot by 5.0% in the fourth quarter. Empowered Funds LLC now owns 245,189 shares of the company's stock valued at $500,000 after acquiring an additional 11,647 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in loanDepot by 12.8% in the fourth quarter. American Century Companies Inc. now owns 120,232 shares of the company's stock worth $245,000 after purchasing an additional 13,628 shares during the last quarter. 39.39% of the stock is owned by institutional investors.

About loanDepot

loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies.