New York Mortgage Trust, Inc. (NASDAQ:NYMTN) Sees Large Decline in Short Interest

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 7,000 shares, a drop of 35.8% from the October 31st total of 10,900 shares. Based on an average trading volume of 10,300 shares, the days-to-cover ratio is currently 0.7 days.

New York Mortgage Trust Stock Performance

Shares of NYMTN traded down $0.11 on Thursday, hitting $22.57. 9,120 shares of the stock traded hands, compared to its average volume of 9,554. New York Mortgage Trust has a 1 year low of $19.60 and a 1 year high of $23.56. The stock’s 50 day moving average is $23.02 and its two-hundred day moving average is $22.07.

New York Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date was Tuesday, October 1st.

New York Mortgage Trust Company Profile

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.