Short Interest in Landsea Homes Co. (NASDAQ:LSEA) Grows By 31.1%

Landsea Homes Co. (NASDAQ:LSEA - Get Free Report) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,010,000 shares, a growth of 31.1% from the February 28th total of 770,500 shares. Based on an average daily volume of 348,700 shares, the short-interest ratio is presently 2.9 days. Approximately 4.9% of the shares of the company are short sold.

Institutional Investors Weigh In On Landsea Homes

A number of hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new stake in Landsea Homes in the 3rd quarter valued at approximately $44,000. Summit Securities Group LLC acquired a new position in shares of Landsea Homes during the fourth quarter valued at $38,000. Tower Research Capital LLC TRC increased its holdings in shares of Landsea Homes by 100.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,439 shares of the company's stock valued at $63,000 after purchasing an additional 3,721 shares during the period. Wells Fargo & Company MN lifted its holdings in Landsea Homes by 17.9% in the fourth quarter. Wells Fargo & Company MN now owns 12,306 shares of the company's stock worth $104,000 after purchasing an additional 1,870 shares during the period. Finally, SG Americas Securities LLC grew its position in Landsea Homes by 30.5% in the 4th quarter. SG Americas Securities LLC now owns 13,175 shares of the company's stock valued at $112,000 after buying an additional 3,080 shares in the last quarter. Institutional investors own 82.99% of the company's stock.

Landsea Homes Stock Performance

Shares of LSEA stock traded up $0.48 during trading hours on Friday, reaching $6.25. The stock had a trading volume of 576,895 shares, compared to its average volume of 256,564. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.81 and a quick ratio of 2.81. The firm has a 50-day simple moving average of $7.53 and a 200-day simple moving average of $9.46. The firm has a market capitalization of $227.06 million, a PE ratio of 8.68, a price-to-earnings-growth ratio of 0.45 and a beta of 1.28. Landsea Homes has a twelve month low of $5.63 and a twelve month high of $14.04.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on LSEA shares. Wedbush reaffirmed an "outperform" rating and issued a $15.00 price target on shares of Landsea Homes in a report on Wednesday, March 5th. Barclays lowered their target price on Landsea Homes from $9.00 to $7.00 and set an "equal weight" rating for the company in a report on Monday, March 3rd.

Landsea Homes Company Profile

Landsea Homes Corporation engages in the design, construction, marketing, and sale of suburban and urban single-family detached and attached homes in the United States. The company develops homes and communities; builds suburban, single-family detached and attached homes, mid-and high-rise properties, and master-planned communities.