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

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 9,600 shares, a decrease of 30.9% from the February 28th total of 13,900 shares. Based on an average daily volume of 8,300 shares, the days-to-cover ratio is currently 1.2 days.

New York Mortgage Trust Price Performance

Shares of NYMTN traded down $0.20 during mid-day trading on Friday, hitting $22.31. The stock had a trading volume of 2,027 shares, compared to its average volume of 9,224. New York Mortgage Trust has a fifty-two week low of $20.25 and a fifty-two week high of $23.56. The company’s fifty day simple moving average is $22.73 and its two-hundred day simple moving average is $22.77.

New York Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 8.97%. The ex-dividend date is Tuesday, April 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.