Forestar Group Inc (NYSE:FOR) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 1,289,718 shares, a growth of 99.6% from the June 15th total of 646,289 shares. Based on an average daily volume of 1,726,107 shares, the days-to-cover ratio is currently 0.7 days. Approximately 3.1% of the company’s shares are short sold.

Several research firms have commented on FOR. BidaskClub downgraded Forestar Group from a “hold” rating to a “sell” rating in a research report on Wednesday. TheStreet downgraded Forestar Group from a “b-” rating to a “c+” rating in a research report on Friday, May 26th.

Forestar Group (FOR) opened at 17.35 on Wednesday. The stock’s 50 day moving average price is $16.51 and its 200-day moving average price is $14.27. The company has a market capitalization of $726.22 million, a P/E ratio of 8.35 and a beta of 1.95. Forestar Group has a 12 month low of $10.60 and a 12 month high of $17.77.

Institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in Forestar Group by 79.8% in the second quarter. State of Alaska Department of Revenue now owns 6,543 shares of the oil and gas exploration company’s stock worth $112,000 after buying an additional 2,903 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Forestar Group by 1,200.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,583 shares of the oil and gas exploration company’s stock worth $104,000 after buying an additional 7,000 shares during the last quarter. Mason Street Advisors LLC boosted its position in Forestar Group by 32.7% in the first quarter. Mason Street Advisors LLC now owns 7,702 shares of the oil and gas exploration company’s stock worth $105,000 after buying an additional 1,900 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Forestar Group by 2.6% in the first quarter. OppenheimerFunds Inc. now owns 12,179 shares of the oil and gas exploration company’s stock worth $166,000 after buying an additional 310 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its position in Forestar Group by 25.2% in the first quarter. Louisiana State Employees Retirement System now owns 13,400 shares of the oil and gas exploration company’s stock worth $183,000 after buying an additional 2,700 shares during the last quarter. Hedge funds and other institutional investors own 86.73% of the company’s stock.

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Forestar Group Company Profile

Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments. The Real Estate segment secures entitlements and develops infrastructure on its lands, for single-family residential and mixed-use communities. The Mineral resources segment is focused on its owned oil and gas mineral interests through promoting exploration, development and production activities.

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