Short Interest in Finance of America Companies Inc. (NYSE:FOA) Rises By 9.2%

Finance of America Companies Inc. (NYSE:FOAGet Free Report) saw a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 968,200 shares, a growth of 9.2% from the February 29th total of 886,600 shares. Currently, 4.0% of the shares of the stock are sold short. Based on an average trading volume of 88,900 shares, the short-interest ratio is presently 10.9 days.

Analyst Upgrades and Downgrades

Separately, UBS Group initiated coverage on shares of Finance of America Companies in a report on Wednesday, December 6th. They set a “buy” rating and a $1.40 price objective for the company.

Check Out Our Latest Stock Report on Finance of America Companies

Hedge Funds Weigh In On Finance of America Companies

Several institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in Finance of America Companies by 35.1% during the 2nd quarter. Goldman Sachs Group Inc. now owns 29,128 shares of the company’s stock valued at $46,000 after purchasing an additional 7,573 shares during the last quarter. American International Group Inc. raised its stake in shares of Finance of America Companies by 101.1% in the second quarter. American International Group Inc. now owns 18,171 shares of the company’s stock worth $29,000 after acquiring an additional 9,137 shares during the last quarter. Barclays PLC raised its stake in shares of Finance of America Companies by 96.1% in the first quarter. Barclays PLC now owns 20,657 shares of the company’s stock worth $25,000 after acquiring an additional 10,125 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Finance of America Companies by 6.7% in the third quarter. Bank of New York Mellon Corp now owns 209,333 shares of the company’s stock worth $309,000 after acquiring an additional 13,089 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Finance of America Companies by 191.4% in the second quarter. Wells Fargo & Company MN now owns 20,247 shares of the company’s stock worth $39,000 after acquiring an additional 13,300 shares during the last quarter. 97.20% of the stock is owned by institutional investors.

Finance of America Companies Price Performance

FOA stock traded down $0.01 during trading on Tuesday, hitting $0.71. 149,443 shares of the stock traded hands, compared to its average volume of 90,993. Finance of America Companies has a one year low of $0.66 and a one year high of $2.25. The stock has a market cap of $68.10 million, a price-to-earnings ratio of -0.67 and a beta of 0.88. The company has a 50 day simple moving average of $0.83 and a 200 day simple moving average of $0.98. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 63.71.

Finance of America Companies (NYSE:FOAGet Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The company had revenue of $275.73 million for the quarter, compared to analysts’ expectations of $62.00 million.

Finance of America Companies Company Profile

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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.

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