New York Mortgage Trust, Inc. (NASDAQ:NYMTM) Short Interest Down 29.9% in September

by · The Cerbat Gem

New York Mortgage Trust, Inc. (NASDAQ:NYMTM – Get Free Report) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totalling 4,700 shares, a decline of 29.9% from the September 15th total of 6,700 shares. Based on an average daily trading volume, of 17,800 shares, the days-to-cover ratio is currently 0.3 days.

New York Mortgage Trust Price Performance

Shares of NASDAQ NYMTM traded up $0.12 during midday trading on Friday, hitting $24.37. 29,047 shares of the company traded hands, compared to its average volume of 14,526. New York Mortgage Trust has a 12-month low of $20.86 and a 12-month high of $24.55. The stock has a 50-day moving average price of $23.98 and a 200 day moving average price of $23.71.

New York Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $0.4922 per share. This represents a $1.97 annualized dividend and a dividend yield of 8.08%. The ex-dividend date is Tuesday, October 1st.

New York Mortgage Trust Company Profile

(Get Free Report)

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.

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