DR Horton, Lennar two most shorted among homebuilders - S3 data

Dream Finders Homes (Texas)

16/11/2021 20:01

** Short interest of DR Horton Inc  DHI.N  and Lennar Corp
 LEN.N  at $940.74 mln and $769.95 mln, respectively, the
highest in the homebuilding sector, according to latest data
from S3 Partners, a short-selling research and analysis company 
    ** Short-sellers on DR Horton and Lennar incurred
mark-to-market losses of $104.88 mln and $82.84 mln,
respectively, also the largest in the sector over the last 30
days 
    ** Short interest indicates the number of shares sold short
and not yet covered
    ** Short-sellers betting against the sector are taking into
account soaring building costs, rising mortgage rates and a
tight housing supply, according to a research note written by
Ihor Dusaniwsky, managing director of Predictive Analytics, S3
Partners
    ** Total short interest in the homebuilders sector has
increased to $4.56 bln from $4.07 bln over the last 30 days
    ** Short-sellers in the sector have incurred losses of $1.31
bln this year, down 31.04% for the year; Over 10% of those
losses were incurred over the last 30 days  
    ** Dream Finder Homes  DFH.O  is the only homebuilder stock
in short-squeeze territory
    ** DR Horton has risen 44.5% YTD; Lennar has risen 43.2% YTD



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Short positions grow on DR Horton, Lennar: S3 Data    https://tmsnrt.rs/3ot969O
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 (Reporting by Mehnaz Yasmin in Bengaluru)
 ((Mehnaz.Yasmin@thomsonreuters.com))