Home Capital Group Inc. (OTCMKTS:HMCBF) Short Interest Down 33.9% in March

Home Capital Group Inc. (OTCMKTS:HMCBFGet Rating) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 259,800 shares, a decline of 33.9% from the March 15th total of 393,100 shares. Based on an average daily volume of 10,200 shares, the short-interest ratio is currently 25.5 days.

OTCMKTS HMCBF opened at $29.05 on Friday. The company has a fifty day simple moving average of $29.82 and a 200 day simple moving average of $31.23. Home Capital Group has a 1 year low of $24.23 and a 1 year high of $36.17.

A number of brokerages recently commented on HMCBF. Royal Bank of Canada boosted their price objective on shares of Home Capital Group from C$54.00 to C$56.00 in a research report on Friday, February 18th. National Bank Financial decreased their target price on shares of Home Capital Group from C$62.00 to C$49.00 in a research report on Monday, January 24th. Finally, Raymond James boosted their target price on shares of Home Capital Group from C$48.00 to C$52.00 in a research report on Friday, February 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $49.14.

Home Capital Group Company Profile (Get Rating)

Home Capital Group Inc, through its subsidiary, Home Trust Company, provides residential and nonresidential mortgage lending, securitization of residential mortgage products, consumer lending, and credit card services in Canada. It offers deposits through brokers and financial planners under the Oaken Financial brand.

Recommended Stories

Receive News & Ratings for Home Capital Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Capital Group and related companies with MarketBeat.com's FREE daily email newsletter.