Finance of America Companies Inc. (NYSE:FOA) Short Interest Up 9.0% in April

Finance of America Companies Inc. (NYSE:FOA) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,090,000 shares, an increase of 9.0% from the March 31st total of 1,000,000 shares. Approximately 3.7% of the company’s stock are sold short. Based on an average trading volume of 87,500 shares, the days-to-cover ratio is currently 12.5 days.

Finance of America Companies Trading Up 8.8 %

NYSE:FOA opened at $0.52 on Thursday. Finance of America Companies has a twelve month low of $0.45 and a twelve month high of $2.09. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 63.71. The business has a 50 day moving average price of $0.73 and a two-hundred day moving average price of $0.89.

Finance of America Companies (NYSE:FOA) last released its quarterly earnings results on Wednesday, March 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The business had revenue of $275.73 million during the quarter, compared to analysts’ expectations of $62.00 million. Equities analysts predict that Finance of America Companies will post -0.09 earnings per share for the current year.

Hedge Funds Weigh In On Finance of America Companies

A hedge fund recently bought a new stake in Finance of America Companies stock. SG Americas Securities LLC purchased a new position in shares of Finance of America Companies Inc. (NYSE:FOA) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 26,053 shares of the company’s stock, valued at approximately $33,000. 97.20% of the stock is owned by hedge funds and other institutional investors.

About Finance of America Companies

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.