KB Home Sees Significant Drop in Short Interest (KBH)
Shares of KB Home (NYSE:KBH) were the recipient of a significant decrease in short interest in May. As of May 30th, there was short interest totalling 16,850,369 shares, a decrease of 15.1% from the May 15th total of 19,857,925 shares, Analyst Ratings Network reports. Currently, 21.3% of the company’s shares are sold short. Based on an average daily volume of 2,985,513 shares, the short-interest ratio is currently 5.6 days.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of KB Home in a research note on Friday, June 6th. They set a “buy” rating on the stock. Separately, analysts at RBC Capital cut their price target on shares of KB Home from $24.00 to $20.00 in a research note on Wednesday, May 7th. They now have an “outperform” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of KB Home in a research note on Thursday, May 1st. They now have a $17.00 price target on the stock. Six analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.88.
Shares of KB Home (NYSE:KBH) opened at 17.46 on Tuesday. KB Home has a 52 week low of $15.40 and a 52 week high of $20.78. The stock has a 50-day moving average of $16.54 and a 200-day moving average of $17.51. The company has a market cap of $1.462 billion and a price-to-earnings ratio of 24.88.
KB Home is a builder of single-family residential homes, townhomes and condominiums. It constructs and sells homes through its operating divisions under the name KB Home.
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