Guild Holdings (NYSE:GHLD) Short Interest Down 7.7% in November

Guild Holdings (NYSE:GHLD) saw a large drop in short interest in November. As of November 15th, there was short interest totalling 2,400 shares, a drop of 7.7% from the October 31st total of 2,600 shares. Based on an average daily trading volume, of 15,300 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Guild Stock Performance

Shares of GHLD stock traded down $0.02 during trading hours on Wednesday, hitting $13.50. The company’s stock had a trading volume of 1,596 shares, compared to its average volume of 12,770. The company has a 50 day moving average of $14.81 and a 200 day moving average of $15.07. The stock has a market cap of $835.52 million, a PE ratio of -8.71, a price-to-earnings-growth ratio of 0.32 and a beta of 1.02. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.92. Guild has a 12-month low of $11.04 and a 12-month high of $18.25.

Hedge Funds Weigh In On Guild

Large investors have recently made changes to their positions in the company. Bridges Investment Management Inc. acquired a new position in Guild during the second quarter worth $10,497,000. Basswood Capital Management L.L.C. raised its position in Guild by 11.9% during the third quarter. Basswood Capital Management L.L.C. now owns 653,957 shares of the company’s stock worth $10,875,000 after acquiring an additional 69,603 shares during the period. Empowered Funds LLC raised its position in Guild by 5.3% during the third quarter. Empowered Funds LLC now owns 269,881 shares of the company’s stock worth $4,488,000 after acquiring an additional 13,668 shares during the period. Geode Capital Management LLC raised its position in Guild by 2.0% during the third quarter. Geode Capital Management LLC now owns 98,244 shares of the company’s stock worth $1,634,000 after acquiring an additional 1,901 shares during the period. Finally, Renaissance Technologies LLC raised its position in Guild by 8.2% during the second quarter. Renaissance Technologies LLC now owns 27,700 shares of the company’s stock worth $410,000 after acquiring an additional 2,100 shares during the period. 17.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GHLD. Wells Fargo & Company decreased their price objective on shares of Guild from $17.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, November 7th. Wedbush restated an “outperform” rating and issued a $20.00 price target on shares of Guild in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Guild from $17.00 to $14.50 and set an “underweight” rating for the company in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Guild has a consensus rating of “Hold” and an average target price of $16.80.

Guild Company Profile

Guild Holdings Company originates, sells, and services residential mortgage loans in the United States. It operates in two segments, Origination and Servicing. The company offers residential mortgages through retail and correspondent channels. Guild Holdings Company was incorporated in 1960 and is headquartered in San Diego, California.