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

From 247WallSt

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 (NYSE: LOW) rose 7.4 million shares to 36.8 million.

At home-builder DR Horton (NYSE: 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 (NYSE: 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 (NYSE: 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

For more market insight go to http://www.247wallst.com/

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