Short Interest in loanDepot, Inc. (NYSE:LDI) Increases By 5.4%

loanDepot, Inc. (NYSE:LDI) was the recipient of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,770,000 shares, a growth of 5.4% from the December 15th total of 1,680,000 shares. Approximately 2.4% of the company’s stock are short sold. Based on an average daily volume of 884,600 shares, the short-interest ratio is currently 2.0 days.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group boosted their price target on shares of loanDepot from $1.70 to $2.70 and gave the company a “sell” rating in a report on Thursday, November 14th.

Insider Activity at loanDepot

In related news, insider Jeff Alexander Walsh sold 66,666 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $2.53, for a total value of $168,664.98. Following the completion of the sale, the insider now directly owns 3,938,792 shares of the company’s stock, valued at $9,965,143.76. The trade was a 1.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Anthony Li Hsieh sold 255,428 shares of loanDepot stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $2.11, for a total value of $538,953.08. Following the completion of the transaction, the director now owns 7,672,258 shares of the company’s stock, valued at approximately $16,188,464.38. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,359,358 shares of company stock valued at $3,001,142. Insiders own 83.04% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Barclays PLC acquired a new position in loanDepot during the third quarter valued at $2,180,000. Walleye Capital LLC purchased a new position in loanDepot during the 3rd quarter valued at about $897,000. Geode Capital Management LLC increased its holdings in shares of loanDepot by 21.0% in the 3rd quarter. Geode Capital Management LLC now owns 720,747 shares of the company’s stock valued at $1,968,000 after purchasing an additional 125,059 shares during the period. Jane Street Group LLC purchased a new stake in shares of loanDepot in the third quarter worth approximately $54,000. Finally, American Century Companies Inc. boosted its holdings in shares of loanDepot by 27.3% during the second quarter. American Century Companies Inc. now owns 91,701 shares of the company’s stock worth $151,000 after purchasing an additional 19,655 shares during the period. 39.39% of the stock is owned by hedge funds and other institutional investors.

loanDepot Price Performance

Shares of NYSE:LDI traded down $0.02 on Monday, reaching $1.78. 748,044 shares of the company traded hands, compared to its average volume of 828,499. The stock has a market capitalization of $580.43 million, a PE ratio of -3.41, a P/E/G ratio of 0.26 and a beta of 3.41. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.16. The company’s 50 day moving average is $2.10 and its 200-day moving average is $2.26. loanDepot has a fifty-two week low of $1.52 and a fifty-two week high of $3.23.

About loanDepot

loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies.