Home Capital Group Inc. (OTCMKTS:HMCBF) Short Interest Update

Home Capital Group Inc. (OTCMKTS:HMCBFGet Rating) saw a significant growth in short interest in the month of December. As of December 30th, there was short interest totalling 1,191,100 shares, a growth of 6.4% from the December 15th total of 1,119,200 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is presently 2,382.2 days.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. National Bank Financial reduced their price objective on Home Capital Group from C$31.00 to C$30.00 in a research report on Tuesday, October 25th. Scotiabank upped their price objective on Home Capital Group from C$35.00 to C$44.00 in a research report on Tuesday, November 22nd. Royal Bank of Canada cut Home Capital Group from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 18th. Finally, Raymond James cut Home Capital Group from an “outperform” rating to a “market perform” rating in a research report on Friday, January 13th.

Home Capital Group Trading Up 0.1 %

HMCBF opened at $31.70 on Wednesday. Home Capital Group has a 52-week low of $17.54 and a 52-week high of $31.90. The business’s 50-day simple moving average is $30.89 and its 200 day simple moving average is $24.17.

About Home Capital Group

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Home Capital Group Inc, through its subsidiary, Home Trust Company, provides residential and nonresidential mortgage lending, securitization of residential mortgage products, consumer lending, and credit card services in Canada. It offers deposits through brokers and financial planners under the Oaken Financial brand.

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