Investing

May Short Interest in Homebuilders Up (XHB, KBH, DHI, PHM, CTX, NVR, MDC, HOV, BZH, LEN, TOL, RYL)

Stock Tickers: XHB, KBH, DHI, PHM, CTX, NVR, MDC, HOV, BZH, LEN, TOL, RYL

The short interest for MAY 2007 is out.  We noticed an increase in the number of shares in the May short interest in the beloved homebuilders, although there are some whose short interest actually fell.  The SPDR Homebuilders ETF (XHB) saw its short interest rise from 19.724 million in April up to 20.233 million shares in May, or a 2.5% increase. 

Here is the rest of the May short interest versus April:

STOCK (Ticker)               MAY07    APR07    Change
KB Home (KBH)              17.87M    17.62M    1.4%
DR Horton (DHI)              28.52M    25.01M    14%
Pulte Homes (PHM)       25.13M    23.23M    8.2%
Centex (CTX)                   16.32M    15.19M    7.4%
NVR Inc. (NVR)                961K        928K       3.5%
MDC Hldgs. (MDC)         6.82M      6.08M      12%
Hovnanian (HOV)           17.52M    15.94M    9.9%
Beazer Homes (BZH)    15.97M    14.49M    10.1%

Drop
Lennar (LEN)                   15.65M    15.9M    -1.6%
Toll Brothers (TOL)         22.75M    23.09M    -1.5%
Ryland (RYL)                    9.44M      10.7M    -11.8%

Jon C. Ogg
May 22, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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