Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Short Interest Up 85.5% in September

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 500,900 shares, a growth of 85.5% from the September 15th total of 270,000 shares. Based on an average daily volume of 193,700 shares, the days-to-cover ratio is presently 2.6 days.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Cherry Hill Mortgage Investment by 2.7% in the first quarter. Vanguard Group Inc. now owns 1,368,084 shares of the real estate investment trust’s stock worth $4,843,000 after purchasing an additional 36,039 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Cherry Hill Mortgage Investment by 7.9% in the second quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust’s stock worth $1,843,000 after purchasing an additional 37,300 shares in the last quarter. Forum Financial Management LP bought a new stake in Cherry Hill Mortgage Investment in the second quarter worth approximately $1,038,000. Finally, Quadrature Capital Ltd bought a new stake in Cherry Hill Mortgage Investment in the fourth quarter worth approximately $98,000. 18.49% of the stock is currently owned by institutional investors.

Cherry Hill Mortgage Investment Trading Down 0.3 %

CHMI stock opened at $3.41 on Monday. The firm has a 50-day moving average price of $3.55 and a 200-day moving average price of $3.60. The stock has a market capitalization of $102.37 million, a P/E ratio of -6.69 and a beta of 1.46. Cherry Hill Mortgage Investment has a 12 month low of $2.77 and a 12 month high of $4.39.

Cherry Hill Mortgage Investment (NYSE:CHMI) last announced its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.07). The business had revenue of $13.68 million during the quarter. Cherry Hill Mortgage Investment had a negative net margin of 8.28% and a positive return on equity of 16.36%. During the same period in the prior year, the business posted $0.16 EPS. As a group, equities analysts predict that Cherry Hill Mortgage Investment will post 0.63 EPS for the current fiscal year.

Cherry Hill Mortgage Investment Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a dividend of $0.15 per share. The ex-dividend date is Monday, September 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 17.60%. Cherry Hill Mortgage Investment’s dividend payout ratio (DPR) is -117.65%.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research report on Wednesday, July 10th.

About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.