Smith Douglas Homes Corp. (NYSE:SDHC) Short Interest Update

Smith Douglas Homes Corp. (NYSE:SDHC) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 364,800 shares, a decrease of 24.6% from the January 31st total of 483,900 shares. Based on an average trading volume of 98,600 shares, the days-to-cover ratio is presently 3.7 days. Approximately 4.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI purchased a new stake in Smith Douglas Homes during the 4th quarter valued at about $27,000. Quantbot Technologies LP grew its stake in Smith Douglas Homes by 287.0% during the 3rd quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock valued at $139,000 after purchasing an additional 2,738 shares during the last quarter. Atria Investments Inc purchased a new stake in Smith Douglas Homes during the 3rd quarter valued at about $204,000. XTX Topco Ltd purchased a new stake in Smith Douglas Homes during the 3rd quarter valued at about $246,000. Finally, Portside Wealth Group LLC purchased a new stake in Smith Douglas Homes during the 3rd quarter valued at about $283,000.

Smith Douglas Homes Stock Down 0.2 %

NYSE SDHC traded down $0.05 during midday trading on Tuesday, hitting $20.90. 155,056 shares of the company traded hands, compared to its average volume of 117,465. Smith Douglas Homes has a 52 week low of $19.52 and a 52 week high of $39.50. The company’s 50-day simple moving average is $23.84 and its 200-day simple moving average is $30.76.

Analyst Upgrades and Downgrades

SDHC has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price target on Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Friday, December 13th. Wedbush reissued a “neutral” rating and set a $20.00 price target on shares of Smith Douglas Homes in a report on Tuesday, November 12th. Bank of America lowered Smith Douglas Homes from a “neutral” rating to an “underperform” rating and cut their price target for the company from $33.00 to $22.00 in a report on Monday, January 27th. Finally, Wells Fargo & Company dropped their price objective on Smith Douglas Homes from $33.00 to $24.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, Smith Douglas Homes has a consensus rating of “Hold” and a consensus target price of $25.40.

Smith Douglas Homes Company Profile

Smith Douglas Homes Corp., together with its subsidiaries, engages in the design, construction, and sale of single-family homes in the southeastern United States. It also provides closing, escrow, and title insurance services. The company sells its products to entry-level and empty-nest homebuyers. Smith Douglas Homes Corp.