Finance of America Companies Inc. (NYSE:FOA) Short Interest Up 9.0% in April

Finance of America Companies Inc. (NYSE:FOA) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,090,000 shares, a growth of 9.0% from the March 31st total of 1,000,000 shares. Approximately 3.7% of the shares of the stock are sold short. Based on an average daily volume of 87,500 shares, the short-interest ratio is presently 12.5 days.

Hedge Funds Weigh In On Finance of America Companies

An institutional investor recently bought a new position in Finance of America Companies stock. SG Americas Securities LLC acquired a new position in shares of Finance of America Companies Inc. (NYSE:FOA) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 26,053 shares of the company’s stock, valued at approximately $33,000. 97.20% of the stock is owned by hedge funds and other institutional investors.

Finance of America Companies Trading Down 4.7 %

Shares of FOA stock traded down $0.03 on Tuesday, reaching $0.51. 14,851 shares of the stock were exchanged, compared to its average volume of 91,125. The firm has a 50 day moving average of $0.73 and a two-hundred day moving average of $0.89. The company has a quick ratio of 2.81, a current ratio of 2.81 and a debt-to-equity ratio of 63.71. Finance of America Companies has a 1-year low of $0.45 and a 1-year high of $2.09. The stock has a market cap of $49.34 million, a P/E ratio of -0.48 and a beta of 0.88.

Finance of America Companies (NYSE:FOA) last posted its quarterly earnings data on Wednesday, March 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The business had revenue of $275.73 million for the quarter, compared to the consensus estimate of $62.00 million. On average, research analysts anticipate that Finance of America Companies will post -0.09 EPS for the current year.

About Finance of America Companies

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.