U.S. homebuilders saw average short interest rise 4 basis points between April 28 and May 15, reaching 6.46% of outstanding shares.
William Lyon Homes posted the biggest drop in short interest relative to shares outstanding among SNL-covered homebuilders between April 28 and May 15. The company saw short interest drop 170 basis points to 16.78% of shares outstanding at the end of the period.
M/I Homes Inc. topped the list of homebuilders with the biggest increases in short interest in the first half of May. The percentage of the company's shares held short relative to shares outstanding climbed 95 basis points to 6.36% as of May 15.
LGI Homes Inc. topped the list of most-shorted homebuilders in the first half of May. The company saw short interest climb 53 basis points to 25.65% of shares outstanding.