New York Mortgage Trust, Inc. (NASDAQ:NYMTL) Sees Significant Growth in Short Interest

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) saw a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 4,400 shares, an increase of 193.3% from the February 28th total of 1,500 shares. Based on an average daily volume of 9,800 shares, the days-to-cover ratio is currently 0.4 days.

New York Mortgage Trust Stock Down 0.0 %

NYMTL stock traded down $0.01 during trading on Friday, hitting $21.77. 2,698 shares of the company traded hands, compared to its average volume of 11,784. New York Mortgage Trust has a 1 year low of $19.05 and a 1 year high of $23.03. The stock’s 50-day simple moving average is $21.99 and its 200 day simple moving average is $22.08.

New York Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st will be given a dividend of $0.4297 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.72 annualized dividend and a yield of 7.90%.

About New York Mortgage Trust

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.