Legacy Housing Co. (NASDAQ:LEGH) Short Interest Down 16.0% in April

Legacy Housing Co. (NASDAQ:LEGH – Get Rating) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 89,100 shares, a decrease of 16.0% from the March 31st total of 106,100 shares. Based on an average daily volume of 35,800 shares, the short-interest ratio is currently 2.5 days. Currently, 1.0% of the shares of the stock are short sold.

Shares of NASDAQ LEGH opened at $18.37 on Wednesday. The firm’s 50-day simple moving average is $21.67. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.14 and a quick ratio of 1.19. The stock has a market cap of $444.74 million, a PE ratio of 9.52 and a beta of 1.03. Legacy Housing has a 12-month low of $15.28 and a 12-month high of $28.84.

Separately, Zacks Investment Research cut shares of Legacy Housing from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 12th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. raised its position in shares of Legacy Housing by 16.4% during the 3rd quarter. American Century Companies Inc. now owns 14,118 shares of the company’s stock valued at $254,000 after buying an additional 1,992 shares in the last quarter. Osmium Partners LLC purchased a new stake in shares of Legacy Housing during the 3rd quarter valued at about $2,409,000. Truist Financial Corp raised its position in Legacy Housing by 4.6% in the 3rd quarter. Truist Financial Corp now owns 210,733 shares of the company’s stock worth $3,787,000 after purchasing an additional 9,245 shares during the period. Dimensional Fund Advisors LP raised its position in Legacy Housing by 52.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 81,801 shares of the company’s stock worth $1,470,000 after purchasing an additional 28,256 shares during the period. Finally, Denali Advisors LLC purchased a new stake in Legacy Housing in the 4th quarter worth about $119,000. Hedge funds and other institutional investors own 20.82% of the company’s stock.

Legacy Housing Company Profile (Get Rating)

Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes; and offers wholesale financing to dealers and mobile home parks, as well as a range of homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms.

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