Update on Short Interest for Bluegreen Vacations Holding Co. (NYSE:BVH)


The number of short positions at Bluegreen Vacations Holding Co. decreased. NYSE: BVH fell significantly in November. There were 271,300 shares outstanding as of November 15, which is down 12.0% from the total of 308,200 shares outstanding as of October 31. About 2.3% of the company’s shares were sold short. Based on average daily trading volume of 59,600 shares, the short interest rate is 4.6 days.

Institutional investors and hedge funds have recently been buying and selling shares of BVH. Connor Clark & ​​Lawn Investment Management Limited boosted its stake in Bluegreen Vacations by 5.4% during the second quarter. Connor Clark & ​​Lawn Investment Management Limited now owns 47,195 shares valued at $1,178,000 after acquiring an additional 2,405 shares during the quarter. The combined bank increased its ownership of Bluegreen Vacations by $51,000 during the first quarter. Strs Ohio ownership of Bluegreen Vacations grew 5.8% during the second quarter. Strs Ohio now directly owns 14,700 shares, valued at $366,000, after acquiring an additional 800 shares during the most recent quarter. Russell Investments Group Limited increased its stake in Bluegreen Vacations by 42.0% in the second quarter. Russell Investments Group LLC now owns 43,743 additional business shares valued at $1,090,000, for a total of 43,743. Not to mention, AdvisorShares Investments LLC increased its stake in Bluegreen Vacations by 2.6% in the second quarter. AdvisorShares Investments LLC now owns 19,118 shares valued at $477,000 after acquiring 486 shares during the most recent quarter. Hedge funds and other institutional investors own 40.99% of the shares.
At noon on Friday, the cost of BVH shares rose by $0.18, to $21.95. On November 15, Trust Financial lowered its price target for Bluegreen Holidays from $46.00 to $45.00 and canceled the “buy” recommendation on the company. Compared to the daily average of 64,426 shares, 44,800 shares of the company’s stock have changed hands. The company has a market capitalization of $433.95 million, a price-to-earnings ratio of 6.36, and a beta of 1.77. The company’s debt-to-equity ratio is 0.43, its quick ratio is 1.09, and its trading ratio is also 1.09. Bluegreen Vacations has a one-year low of $16.24 and a one-year high of $36.0. The stock’s 200-day simple moving average is $22.40, and its 50-day simple moving average is $19.01.

The company also declared a quarterly dividend, which was distributed on November 21. Those who own shares have been paid A$0.15 per share from 7 November. Thursday, November 4th, was the ex-dividend date. An annual dividend of $0.60 provides a yield of 2.73%. Bluegreen Vacations’ current dividend yield is 17.39%.

Bluegreen Vacations Holding Corporation is working on the concept of vacation ownership. It also promotes and provides vacation ownership opportunities as well as resort operations in popular urban and tourist destinations such as Orlando, Las Vegas, Myrtle Beach, Charleston, and New Orleans (VOI). In addition to resort management, mortgage, title, reservation, building design and development services, the company provides management services to homeowners’ organizations and vacation club associations. It also provides financing to qualified VOI buyers.