Short Interest in Starwood Property Trust, Inc. (NYSE:STWD) Grows By 5.2%
Starwood Property Trust, Inc. (NYSE:STWD) saw a large growth in short interest in the month of December. As of December 13th, there was short interest totalling 5,860,000 shares, a growth of 5.2% from the November 28th total of 5,570,000 shares. Based on an average daily trading volume, of 1,320,000 shares, the short-interest ratio is presently 4.4 days. Currently, 2.2% of the company’s shares are short sold.
Several analysts recently weighed in on the company. B. Riley increased their price target on Starwood Property Trust from $25.50 to $27.00 and gave the company a “buy” rating in a report on Monday. Wells Fargo & Co assumed coverage on Starwood Property Trust in a research note on Monday, December 2nd. They issued an “outperform” rating and a $26.00 target price on the stock. ...