Wednesday, August 12, 2015

Short Interest Update on Ocwen Financial Corporation (NYSE:OCN)



Ocwen Financial Corporation (NYSE:OCN) has shown a drop of 7.8% or 2,325,139 shares in the short positions. The bets have increased to 27,665,494 shares on July 31,2015 from 29,990,633 shares on July 15,2015. With respect to the floated shares, the shorts are 30.6%. The sharess days to cover are calculated to be 8, using the standard per day volume of 3,350,198 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on August 11th.
The company shares have dropped 70.15% in the past 52 Weeks. On September 19, 2014 The shares registered one year high of $29.27 and one year low was seen on January 23, 2015 at $5.66. The 50-day moving average is $10.01 and the 200 day moving average is recorded at $9.3. S&P 500 has rallied 8.81% during the last 52-weeks.
Ocwen Financial Corporation (NYSE:OCN) : On Tuesday heightened volatility was witnessed in Ocwen Financial Corporation (NYSE:OCN) which led to swings in the share price. The shares opened for trading at $7.4 and hit $7.62 on the upside , eventually ending the session at $7.53, with a gain of 0.27% or 0.02 points. The heightened volatility saw the trading volume jump to 3,259,972 shares. The 52-week high of the share price is $29.27 and the company has a market cap of $944 million. The 52-week low of the share price is at $5.66 .
Ocwen Financial Corp. has lost 4.8% in the last five trading days and dropped 27.46% in the last 4 weeks. Ocwen Financial Corp. has dropped 28.49% during the last 3-month period . Year-to-Date the stock performance stands at -50.13%.
Ocwen Financial Corporation (NYSE:OCN): According to 5 Analysts, The short term target price has been estimated at $ 10.3.The target price could deviate by a maximum of $2.86 from the forecast price. In the near term, the target price could hit a high of $14 and a low of $ 7.
Ocwen Financial Corporation is a financial services holding company. The Company is engaged in the servicing and origination of mortgage loans. The Companys Shared Appreciation Modification (SAM) incorporates principal reductions and lower payments for borrowers while providing a net present value positive loss mitigation outcome for investors, including the ability to recoup losses if property values increase over time. It operates in three segments: Servicing, Lending, and Corporate Items and Other. In February 2013, Gleacher & Company Inc closed the sale of all of the assets of its ClearPoint subsidiary to Homeward Residential, Inc. On February 15, 2013, it completed the acquisition of certain assets of Residential Capital, LLC (ResCap). In April 2013, it completed the purchase of Liberty Home Equity Solutions (Liberty) from Genworth Financial Inc.

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