Sachem Capital Corp. (NYSEAMERICAN:SACH) Short Interest Up 26.9% in February

Sachem Capital Corp. (NYSEAMERICAN:SACH) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,840,000 shares, a growth of 26.9% from the January 31st total of 1,450,000 shares. Based on an average trading volume of 457,800 shares, the short-interest ratio is currently 4.0 days.

Sachem Capital Price Performance

Sachem Capital stock traded up $0.09 during mid-day trading on Thursday, reaching $1.14. 536,316 shares of the stock traded hands, compared to its average volume of 376,098. Sachem Capital has a 12-month low of $1.00 and a 12-month high of $4.64. The firm’s 50-day simple moving average is $1.16. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $53.55 million, a PE ratio of -6.00, a PEG ratio of 0.09 and a beta of 1.65.

Sachem Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 17.54%. Sachem Capital’s payout ratio is -105.26%.

Institutional Investors Weigh In On Sachem Capital

A number of hedge funds have recently modified their holdings of SACH. StoneX Group Inc. bought a new stake in Sachem Capital during the 4th quarter worth approximately $35,000. JB Capital LLC raised its position in shares of Sachem Capital by 32.7% during the 3rd quarter. JB Capital LLC now owns 20,301 shares of the company’s stock valued at $51,000 after purchasing an additional 5,006 shares during the period. Virtu Financial LLC purchased a new position in shares of Sachem Capital during the 3rd quarter valued at $60,000. Janus Henderson Group PLC boosted its holdings in Sachem Capital by 124.5% in the 3rd quarter. Janus Henderson Group PLC now owns 29,549 shares of the company’s stock worth $74,000 after buying an additional 16,385 shares during the period. Finally, One Charles Private Wealth Services LLC purchased a new stake in Sachem Capital in the 3rd quarter worth $97,000. Institutional investors own 18.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Alliance Global Partners lowered Sachem Capital from a “buy” rating to a “neutral” rating and set a $2.00 price objective for the company. in a research report on Friday, November 15th. Oppenheimer reissued an “outperform” rating and set a $2.50 price target (down from $4.00) on shares of Sachem Capital in a research report on Friday, December 6th.

Sachem Capital Company Profile

Sachem Capital Corp. operates as a real estate finance company in the United States. The company engages in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property. It offers short term loans to real estate investors or developers to fund its acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties.