Lennar Corporation (NYSE:LEN) Short Interest Down 67.8% in December

Core Insights - Lennar Corporation experienced a significant decline in short interest, with a reduction of 67.8% from 35,737,570 shares on November 30 to 11,521,372 shares by December 15 [2] - The company reported quarterly earnings of $2.03 per share, missing the consensus estimate of $2.30 by $0.27, while revenue was $9.37 billion, exceeding the estimate of $9.17 billion [4] - Lennar declared a quarterly dividend of $0.50 per share, resulting in an annualized dividend of $2.00 and a yield of 1.9% [5] Stock Performance - Shares of Lennar opened at $105.00, with a market capitalization of $26.78 billion, a PE ratio of 13.14, and a beta of 1.38 [3] - The stock has a 50-day moving average of $121.80 and a 200-day moving average of $121.55, with a 1-year low of $98.42 and a 1-year high of $144.24 [3] Institutional Holdings - Several hedge funds increased their stakes in Lennar, with The Manufacturers Life Insurance Company growing its position by 45.4% to own 8,894,125 shares valued at $1.02 billion [7] - Institutional investors own 81.10% of Lennar's stock, indicating strong institutional interest [7] Analyst Ratings - Analyst ratings for Lennar vary, with one analyst giving a Strong Buy rating, three a Buy rating, eight a Hold rating, and seven a Sell rating [9] - Bank of America set a target price of $95.00, down from $125.00, while UBS Group lowered their price objective from $161.00 to $137.00 [8]