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

Finance of America Companies Inc. (NYSE:FOAGet Free Report) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 968,200 shares, an increase 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 days-to-cover ratio is currently 10.9 days.

Finance of America Companies Trading Up 1.6 %

NYSE FOA traded up $0.01 on Wednesday, hitting $0.73. The company’s stock had a trading volume of 53,035 shares, compared to its average volume of 90,304. The firm has a market cap of $70.49 million, a P/E ratio of -0.67 and a beta of 0.88. Finance of America Companies has a 52-week low of $0.66 and a 52-week high of $2.25. The company’s 50-day simple moving average is $0.83 and its 200 day simple moving average is $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 issued its quarterly earnings data on Wednesday, March 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The business had revenue of $275.73 million for the quarter, compared to analyst estimates of $62.00 million. Research analysts predict that Finance of America Companies will post -0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On Finance of America Companies

A number of hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Finance of America Companies during the 1st quarter valued at about $494,000. Charles Schwab Investment Management Inc. boosted its stake in Finance of America Companies by 47.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 59,088 shares of the company’s stock valued at $180,000 after buying an additional 18,960 shares during the last quarter. Renaissance Technologies LLC lifted its position in Finance of America Companies by 307.5% during the first quarter. Renaissance Technologies LLC now owns 377,195 shares of the company’s stock valued at $1,147,000 after purchasing an additional 284,622 shares during the last quarter. FCA Corp TX bought a new stake in shares of Finance of America Companies in the 1st quarter valued at approximately $91,000. Finally, Invesco Ltd. increased its position in Finance of America Companies by 10.0% during the first quarter. Invesco Ltd. now owns 215,121 shares of the company’s stock valued at $654,000 after acquiring an additional 19,600 shares during the last quarter. Institutional investors own 97.20% of the company’s stock.

Wall Street Analyst Weigh In

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

View Our Latest Report on Finance of America Companies

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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