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Legacy Housing Co. (NASDAQ:LEGH - Get Rating) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totalling 260,900 shares, an increase of 63.4% from the June 15th total of 159,700 shares. Based on an average daily volume of 40,100 shares, the days-to-cover ratio is presently 6.5 days. Currently, 3.0% of the shares of the stock are sold short. Legacy Housing Stock Up 0.7 %

Shares of NASDAQ LEGH traded up $0.09 during trading hours on Friday, reaching $12.63. 27,430 shares of the stock traded hands, compared to its average volume of 36,779. The company has a market capitalization of $305.77 million, a P/E ratio of 6.54 and a beta of 1.10. Legacy Housing has a 52-week low of $11.96 and a 52-week high of $28.84. The company's 50-day simple moving average is $14.93 and its two-hundred day simple moving average is $20.27. Analysts Set New Price Targets

Several brokerages have commented on LEGH. TheStreet downgraded Legacy Housing from a "b-" rating to a "c" rating in a research note on Tuesday, July 12th. B. Riley downgraded Legacy Housing from a "buy" rating to a "neutral" rating and set a $16.00 target price for the company. in a research note on Tuesday, June 14th.Hedge Funds Weigh In On Legacy Housing

A number of large investors have recently modified their holdings of LEGH. Vanguard Group Inc. grew its position in Legacy Housing by 9.5% during the 1st quarter. Vanguard Group Inc. now owns 460,417 shares of the company's stock worth $9,880,000 after acquiring an additional 39,993 shares during the last quarter. Timelo Investment Management Inc. grew its position in Legacy Housing by 45.9% during the 1st quarter. Timelo Investment Management Inc. now owns 232,004 shares of the company's stock worth $4,979,000 after acquiring an additional 73,006 shares during the last quarter. State Street Corp grew its position in Legacy Housing by 3.2% during the 1st quarter. State Street Corp now owns 142,404 shares of the company's stock worth $3,056,000 after acquiring an additional 4,413 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Legacy Housing by 30.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 132,555 shares of the company's stock worth $2,845,000 after acquiring an additional 31,109 shares during the last quarter. Finally, Redmond Asset Management LLC grew its position in Legacy Housing by 0.9% during the 1st quarter. Redmond Asset Management LLC now owns 99,552 shares of the company's stock worth $2,136,000 after acquiring an additional 853 shares during the last quarter. 20.82% of the stock is owned by hedge funds and other institutional investors. Legacy Housing Company Profile (Get Rating)

Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes; and offers wholesale financing to dealers and mobile home parks, as well as a range of homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms.Read MoreGet a free copy of the StockNews.com research report on Legacy Housing (LEGH)MarketBeat: Week in Review 7/11 – 7/15Is Coupang's Stock On The Verge Of A Turnaround?Should You Have These Two Banks In Your Portfolio?Why Shopify Stock Split…And is as Shoppable as EverVerint Systems Stock is a Customer Engagement Play

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