Starwood Property Trust Short Interest Down 20.7% in July (STWD)
Shares of Starwood Property Trust (NYSE:STWD) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 10,874,293 shares, a decrease of 20.7% from the June 30th total of 13,708,527 shares, American Banking News reports. Approximately 5.0% of the company’s stock are sold short. Based on an average daily volume of 3,426,032 shares, the days-to-cover ratio is currently 3.2 days.
Separately, analysts at Goldman Sachs initiated coverage on shares of Starwood Property Trust in a research note on Tuesday, May 20th. They set a “buy” rating and a $25.00 price target on the stock.
Starwood Property Trust (NYSE:STWD) opened at 23.60 on Tuesday. Starwood Property Trust has a 1-year low of $19.1501 and a 1-year high of $24.7299. The stock has a 50-day moving average of $23.64 and a 200-day moving average of $23.82. The company has a market cap of $4.627 billion and a price-to-earnings ratio of 11.99.
Starwood Property Trust, Inc is a holding company and conducts its business through its subsidiaries.
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