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Shares of Meritage Homes Corp (NYSE:MTH) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 2,857,884 shares, a growth of 55.1% from the April 15th total of 1,842,659 shares, American Banking & Market News reports. Based on an average trading volume of 1,206,587 shares, the short-interest ratio is currently 2.4 days. Approximately 7.7% of the shares of the company are sold short.

A number of research firms have recently commented on MTH. Analysts at Zacks downgraded shares of Meritage Homes Corp from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 13th. They now have a $37.80 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Meritage Homes Corp from a “neutral” rating to a “buy” rating in a research note on Monday, April 28th. Finally, analysts at FBR Capital Markets cut their price target on shares of Meritage Homes Corp from $51.00 to $46.00 in a research note on Thursday, April 24th. They now have a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $48.64.

Shares of Meritage Homes Corp (NYSE:MTH) opened at 39.53 on Monday. Meritage Homes Corp has a 1-year low of $37.19 and a 1-year high of $51.63. The stock has a 50-day moving average of $40.32 and a 200-day moving average of $43.5. The company has a market cap of $1.546 billion and a price-to-earnings ratio of 10.90.

Meritage Homes Corp (NYSE:MTH) last announced its earnings results on Wednesday, April 23rd. The company reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.02. The company had revenue of $408.35 million for the quarter, compared to the consensus estimate of $441.40 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 21.4% on a year-over-year basis. On average, analysts predict that Meritage Homes Corp will post $3.35 earnings per share for the current fiscal year.

Meritage Homes Corporation operates as holding company. The Company through its subsidiaries is a designer and builder of single-family detached homes based on the number of home closings.

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