Finance of America Companies Inc. (NYSE:FOA) Sees Large Drop in Short Interest

Finance of America Companies Inc. (NYSE:FOA) saw a large decrease in short interest in July. As of July 15th, there was short interest totalling 341,000 shares, a decrease of 76.3% from the June 30th total of 1,440,000 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily volume of 274,400 shares, the short-interest ratio is presently 1.2 days.

Finance of America Companies Stock Down 2.4 %

FOA stock traded down $0.02 during trading on Thursday, reaching $0.75. 63,072 shares of the stock were exchanged, compared to its average volume of 173,679. The firm’s 50 day moving average is $0.60 and its 200 day moving average is $0.72. Finance of America Companies has a twelve month low of $0.41 and a twelve month high of $2.05. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 69.71. The firm has a market cap of $74.26 million, a P/E ratio of -0.62 and a beta of 1.04.

Finance of America Companies’s stock is scheduled to reverse split before the market opens on Friday, July 26th. The 1-10 reverse split was announced on Friday, July 26th. The number of shares owned by shareholders will be adjusted after the closing bell on Friday, July 26th.

Finance of America Companies (NYSE:FOA) last issued its quarterly earnings results on Monday, May 6th. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $74.68 million for the quarter, compared to analysts’ expectations of $59.00 million. As a group, research analysts forecast that Finance of America Companies will post -0.04 EPS for the current year.

About Finance of America Companies

Finance of America Companies Inc a financial service holding company, through its subsidiaries, engages in the operation of a retirement solutions platform in the United States. It operates through two segments: Retirement Solutions and Portfolio Management. The Retirement Solutions segment engages in the loan origination activities comprising home equity conversion, proprietary reverse, and hybrid mortgage loans for senior homeowners.