Anywhere Real Estate Inc. (NYSE:HOUS) Short Interest Down 9.1% in November

Anywhere Real Estate Inc. (NYSE:HOUS) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 3,710,000 shares, a decline of 9.1% from the November 15th total of 4,080,000 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is currently 3.3 days.

Anywhere Real Estate Price Performance

Shares of HOUS stock traded down $0.08 during trading hours on Tuesday, hitting $4.19. 783,109 shares of the company’s stock were exchanged, compared to its average volume of 1,318,344. Anywhere Real Estate has a fifty-two week low of $3.01 and a fifty-two week high of $8.40. The firm has a market cap of $465.62 million, a P/E ratio of -2.75 and a beta of 2.32. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 1.34. The firm has a 50 day moving average of $4.36 and a two-hundred day moving average of $4.38.

Anywhere Real Estate (NYSE:HOUS) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.18). Anywhere Real Estate had a negative return on equity of 6.46% and a negative net margin of 3.06%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the prior year, the company posted $0.15 earnings per share. The business’s revenue was down 3.1% on a year-over-year basis. Sell-side analysts forecast that Anywhere Real Estate will post -0.7 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Barclays lifted their price objective on shares of Anywhere Real Estate from $3.50 to $4.00 and gave the company an “underweight” rating in a report on Wednesday, December 11th.

Hedge Funds Weigh In On Anywhere Real Estate

Several hedge funds and other institutional investors have recently made changes to their positions in HOUS. Dimensional Fund Advisors LP raised its position in shares of Anywhere Real Estate by 16.0% in the second quarter. Dimensional Fund Advisors LP now owns 5,556,365 shares of the company’s stock valued at $18,391,000 after buying an additional 768,361 shares during the last quarter. Bank of Montreal Can grew its position in shares of Anywhere Real Estate by 1,210.8% in the second quarter. Bank of Montreal Can now owns 2,922,639 shares of the company’s stock valued at $9,674,000 after purchasing an additional 2,699,671 shares in the last quarter. Millennium Management LLC lifted its position in Anywhere Real Estate by 29,696.5% during the second quarter. Millennium Management LLC now owns 2,034,508 shares of the company’s stock worth $6,734,000 after buying an additional 2,027,680 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Anywhere Real Estate by 565.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,751,445 shares of the company’s stock worth $8,897,000 after acquiring an additional 1,488,226 shares during the period. Finally, Barclays PLC boosted its position in shares of Anywhere Real Estate by 725.7% during the 3rd quarter. Barclays PLC now owns 1,436,706 shares of the company’s stock valued at $7,297,000 after acquiring an additional 1,262,714 shares during the last quarter. Hedge funds and other institutional investors own 97.56% of the company’s stock.

Anywhere Real Estate Company Profile

Anywhere Real Estate Inc, through its subsidiaries, provides residential real estate services in the United States and internationally. The company operates through three segments: Anywhere Brands, Anywhere Advisors, and Anywhere Integrated Services. The Anywhere Brands segment franchises the Better Homes and Gardens Real Estate, Century 21, Coldwell Banker, Coldwell Banker Commercial, Corcoran, ERA, and Sotheby's International Realty brand names.