Short Interest in Smith Douglas Homes Corp. (NYSE:SDHC) Declines By 18.3%

Smith Douglas Homes Corp. (NYSE:SDHC) was the target of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 457,800 shares, a decline of 18.3% from the December 31st total of 560,300 shares. Based on an average daily volume of 89,700 shares, the short-interest ratio is presently 5.1 days. Approximately 5.4% of the shares of the company are short sold.

Smith Douglas Homes Trading Down 6.2 %

Shares of Smith Douglas Homes stock traded down $1.50 during trading hours on Monday, hitting $22.77. 69,602 shares of the company’s stock traded hands, compared to its average volume of 97,000. Smith Douglas Homes has a 12-month low of $20.55 and a 12-month high of $39.50. The company has a fifty day simple moving average of $27.90 and a 200-day simple moving average of $32.11.

Insider Buying and Selling

In other news, Director Jeffrey T. Jackson bought 8,605 shares of the stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average price of $29.77 per share, with a total value of $256,170.85. Following the acquisition, the director now owns 15,748 shares in the company, valued at $468,817.96. This trade represents a 120.47 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Arcadia Investment Management Corp MI bought a new stake in shares of Smith Douglas Homes during the 4th quarter valued at about $27,000. nVerses Capital LLC bought a new stake in shares of Smith Douglas Homes during the 3rd quarter valued at about $34,000. Quantbot Technologies LP raised its holdings in shares of Smith Douglas Homes by 287.0% during the 3rd quarter. Quantbot Technologies LP now owns 3,692 shares of the company’s stock valued at $139,000 after buying an additional 2,738 shares in the last quarter. Atria Investments Inc purchased a new position in shares of Smith Douglas Homes during the 3rd quarter valued at about $204,000. Finally, Yorktown Management & Research Co Inc purchased a new position in shares of Smith Douglas Homes during the 4th quarter valued at about $236,000.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SDHC. JPMorgan Chase & Co. decreased their target price on shares of Smith Douglas Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, December 13th. Wedbush reissued a “neutral” rating and issued a $20.00 target price on shares of Smith Douglas Homes in a research note on Tuesday, November 12th. Wells Fargo & Company decreased their target price on shares of Smith Douglas Homes from $33.00 to $24.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Bank of America cut shares of Smith Douglas Homes from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $33.00 to $22.00 in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.40.

About Smith Douglas Homes

Smith Douglas Homes Corp., together with its subsidiaries, engages in the design, construction, and sale of single-family homes in the southeastern United States. It also provides closing, escrow, and title insurance services. The company sells its products to entry-level and empty-nest homebuyers. Smith Douglas Homes Corp.