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Investing

Lowe’s, Beazer, DR Horton, KB Home: The Shorts Hate Housing

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

If anyone on Wall St. thinks there is a housing recovery around the corner, they are betting against the shorts. In April, short interest in home-building suppler Lowe’s (LOW) rose 7.4 million shares to 36.8 million.

At home-builder DR Horton (DHI) the short interest rose 7.5 million to 25 million shares. And, below $23, the company is already well down from its 52-week high of over $33.

Same story over at Beazer (BZH). Short interest is up 5.9 million shares to 14.5 million. And, at $33.50 the stock has been hammered down from its 52-week high of $65.53.

KB Home’s (KBH) short interest rose 5.1 million shares to 17.6 million. Shares have dropped from a 52-week high of $66.60 to $44.

If the shorts get their way, housing is not in for a good summer.

Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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