Howard Hughes Holdings Inc. (NYSE:HHH) Sees Significant Growth in Short Interest

Howard Hughes Holdings Inc. (NYSE:HHH) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 1,730,000 shares, an increase of 12.3% from the November 30th total of 1,540,000 shares. Currently, 3.5% of the company’s stock are short sold. Based on an average daily trading volume, of 215,500 shares, the days-to-cover ratio is presently 8.0 days.

Howard Hughes Stock Performance

HHH traded up $0.28 on Wednesday, hitting $76.92. The company had a trading volume of 156,617 shares, compared to its average volume of 203,091. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 50.94 and a beta of 1.48. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.08 and a quick ratio of 1.08. The company’s fifty day moving average price is $80.67 and its 200 day moving average price is $74.93. Howard Hughes has a 1-year low of $59.00 and a 1-year high of $87.77.

Howard Hughes (NYSE:HHH) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $1.76. Howard Hughes had a net margin of 6.57% and a return on equity of 3.38%. The business had revenue of $327.15 million during the quarter, compared to analysts’ expectations of $261.00 million. During the same period in the previous year, the company earned ($0.26) earnings per share. Howard Hughes’s revenue for the quarter was up 43.2% on a year-over-year basis. Equities analysts predict that Howard Hughes will post 3.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Howard Hughes

Several hedge funds and other institutional investors have recently made changes to their positions in HHH. Wilmington Savings Fund Society FSB bought a new position in Howard Hughes in the third quarter worth $46,000. Truvestments Capital LLC bought a new position in shares of Howard Hughes during the 3rd quarter worth about $83,000. Headlands Technologies LLC boosted its position in shares of Howard Hughes by 897.0% during the 2nd quarter. Headlands Technologies LLC now owns 1,336 shares of the company’s stock valued at $87,000 after acquiring an additional 1,202 shares in the last quarter. KBC Group NV raised its position in Howard Hughes by 34.4% in the third quarter. KBC Group NV now owns 1,122 shares of the company’s stock worth $87,000 after purchasing an additional 287 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in Howard Hughes by 16.2% during the third quarter. US Bancorp DE now owns 1,364 shares of the company’s stock valued at $106,000 after purchasing an additional 190 shares in the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

About Howard Hughes

Howard Hughes Holdings Inc, together with its subsidiaries, operates as a real estate development company in the United States. It operates in four segments: Operating Assets; Master Planned Communities (MPCs); Seaport; and Strategic Developments. The Operating Assets segment consists of developed or acquired retail, office, and multi-family properties along with other retail investments.