U.S. homebuilders saw average short interest fall 15 basis points between Dec. 30, 2016, and Jan. 13, reaching 6.87% of outstanding shares.
Comstock Holding Cos. Inc. saw the biggest decline in short interest relative to shares outstanding among SNL-covered homebuilders between Dec. 30, 2016, and Jan. 13.
The percentage of the company's shares held short relative to shares outstanding fell 77 basis points to 0.46% as of Jan. 13.
UCP Inc. reached the top of the list of homebuilders with the largest rises in short interest in the first half of January. The company saw short interest rise 42 basis points to 1.70% of shares outstanding at the end of the period.
LGI Homes Inc. topped the list of most shorted homebuilders between Dec. 30, 2016, and Jan. 13. The company saw short interest drop 73 basis points to 26.73% of shares outstanding.