Short Interest in HomeStreet, Inc. (NASDAQ:HMST) Decreases By 12.4%

HomeStreet, Inc. (NASDAQ:HMST – Get Free Report) was the recipient of a significant drop in short interest in March. As of March 15th, there was short interest totalling 556,500 shares, a drop of 12.

4% from the February 28th total of 635,100 shares. Based on an average daily trading volume, of 154,600 shares, the short-interest ratio is currently 3.6 days.



Currently, 3.1% of the shares of the stock are sold short. Hedge Funds Weigh In On HomeStreetLarge investors have recently modified their holdings of the business.

Russell Investments Group Ltd. raised its holdings in HomeStreet by 66.1% in the 4th quarter.

Russell Investments Group Ltd. now owns 3,181 shares of the financial services provider’s stock valued at $36,000 after buying an additional 1,266 shares during the period. Assetmark Inc.

purchased a new stake in shares of HomeStreet in the 4th quarter valued at approximately $40,000. EMC Capital Management lifted its holdings in shares of HomeStreet by 20.8% in the 4th quarter.

EMC Capital Management now owns 8,613 shares of the financial services provider’s stock worth $98,000 after acquiring an additional 1,484 shares during the last quarter. Oxford Asset Management LLP purchased a new position in shares of HomeStreet during the 4th quarter worth approximately $118,000. Finally, Wells Fargo & Company MN increased its holdings in HomeStreet by 27.

5% in the 4th quarter. Wells Fargo & Company MN now owns 10,852 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 2,339 shares during the last quarter. Institutional investors and hedge funds own 74.

71% of the company’s stock. HomeStreet Stock PerformanceNASDAQ:HMST opened at $12.01 on Wednesday.

The company’s 50-day moving average is $9.83 and its two-hundred day moving average is $11.48.

HomeStreet has a 1-year low of $8.09 and a 1-year high of $16.10.

The company has a debt-to-equity ratio of 3.09, a current ratio of 1.02 and a quick ratio of 1.

02. The firm has a market capitalization of $227.24 million, a price-to-earnings ratio of -1.

57 and a beta of 1.45. HomeStreet (NASDAQ:HMST – Get Free Report) last released its quarterly earnings data on Monday, January 27th.

The financial services provider reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.

05). HomeStreet had a negative net margin of 40.30% and a negative return on equity of 4.

23%. Analysts forecast that HomeStreet will post 0.3 EPS for the current year.

Analyst Ratings ChangesSeveral analysts recently issued reports on the stock. Janney Montgomery Scott raised shares of HomeStreet from a “neutral” rating to a “buy” rating in a research note on Tuesday. Wedbush upped their price target on HomeStreet from $12.

00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Finally, Piper Sandler increased their price target on HomeStreet from $10.

00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock.

Based on data from MarketBeat.com, HomeStreet currently has a consensus rating of “Hold” and an average price target of $14.25.

Check Out Our Latest Report on HomeStreetAbout HomeStreet (Get Free Report)HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.Read MoreFive stocks we like better than HomeStreetWhat is the Hang Seng index? D-Wave: Multiple Use Cases Emerge Following Quantum SupremacyHow to Calculate Return on Investment (ROI)Amazon Falls Back to a Key Support Line: Here’s How to Play ItHow to Calculate Stock Profit Buffett Trims Equities, But Still Keeps Buying This Stock.