Short Interest in Walter Investment Management Corp (WAC) Declines By 44.7%

Walter Investment Management Corp (NYSE:WAC) was the recipient of a significant drop in short interest in December. As of December 15th, there was short interest totalling 1,394,618 shares, a drop of 44.7% from the November 30th total of 2,522,362 shares. Based on an average trading volume of 2,444,588 shares, the days-to-cover ratio is currently 0.6 days. Approximately 4.1% of the company’s stock are sold short.

Large investors have recently added to or reduced their stakes in the company. CQS Cayman LP bought a new position in shares of Walter Investment Management in the second quarter valued at approximately $189,000. Virtu KCG Holdings LLC raised its position in shares of Walter Investment Management by 624.6% in the second quarter. Virtu KCG Holdings LLC now owns 237,678 shares of the financial services provider’s stock valued at $225,000 after purchasing an additional 204,878 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Walter Investment Management by 1,383.6% in the second quarter. Goldman Sachs Group Inc. now owns 241,879 shares of the financial services provider’s stock valued at $229,000 after purchasing an additional 225,576 shares during the period. Alta Fundamental Advisers LLC bought a new position in shares of Walter Investment Management in the second quarter valued at approximately $237,000. Finally, GSA Capital Partners LLP bought a new position in shares of Walter Investment Management in the second quarter valued at approximately $252,000. 39.56% of the stock is currently owned by institutional investors.

Walter Investment Management (WAC) opened at $0.77 on Thursday. The firm has a market cap of $29.57, a P/E ratio of -0.16 and a beta of 0.68. The company has a current ratio of 12.88, a quick ratio of 12.88 and a debt-to-equity ratio of -57.71. Walter Investment Management has a 52-week low of $0.30 and a 52-week high of $5.25.

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About Walter Investment Management

Walter Investment Management Corp. is a diversified mortgage banking firm focused primarily on the servicing and origination of residential loans, including reverse loans. The Company operates through three segments: Servicing, Originations and Reverse Mortgage. The Servicing segment consists of operations that perform servicing for third-party credit owners of mortgage loans, as well as its own mortgage loan portfolio.

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