Great Ajax Corp (NYSE:AJX) Short Interest Up 35.3% in June

Great Ajax Corp (NYSE:AJX) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totalling 303,900 shares, a growth of 35.3% from the May 30th total of 224,600 shares. Based on an average trading volume of 76,900 shares, the days-to-cover ratio is presently 4.0 days. Currently, 1.9% of the company’s shares are short sold.

AJX opened at $13.75 on Friday. Great Ajax has a fifty-two week low of $11.56 and a fifty-two week high of $14.37. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 2.11. The company has a market cap of $260.77 million, a price-to-earnings ratio of 9.55 and a beta of 0.81. The stock’s 50 day simple moving average is $13.34.

Great Ajax (NYSE:AJX) last posted its earnings results on Tuesday, May 7th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.04). Great Ajax had a return on equity of 8.65% and a net margin of 47.79%. The business had revenue of $15.18 million for the quarter, compared to the consensus estimate of $15.48 million. As a group, research analysts expect that Great Ajax will post 1.57 EPS for the current fiscal year.

Separately, Zacks Investment Research raised shares of Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Monday, July 8th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Arbitrage SA boosted its stake in shares of Great Ajax by 559.2% in the 1st quarter. BNP Paribas Arbitrage SA now owns 3,362 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 2,852 shares during the last quarter. Covington Capital Management boosted its stake in shares of Great Ajax by 28.6% in the 4th quarter. Covington Capital Management now owns 4,500 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 1,000 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Great Ajax by 44.1% in the 4th quarter. Bank of America Corp DE now owns 9,705 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 2,972 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of Great Ajax in the 4th quarter valued at $148,000. Finally, New York State Common Retirement Fund boosted its stake in shares of Great Ajax by 11.3% in the 4th quarter. New York State Common Retirement Fund now owns 14,800 shares of the real estate investment trust’s stock valued at $178,000 after purchasing an additional 1,500 shares during the last quarter. 73.53% of the stock is currently owned by hedge funds and other institutional investors.

Great Ajax Company Profile

Great Ajax Corp. acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. It also holds real estate-owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. The company elected to be taxed as a real estate investment trust for U.S.

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