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

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 3,000 shares, an increase of 36.4% from the March 31st total of 2,200 shares. Based on an average daily volume of 9,300 shares, the days-to-cover ratio is presently 0.3 days.

New York Mortgage Trust Stock Performance

NYMTL opened at $19.74 on Tuesday. The business has a fifty day simple moving average of $19.83 and a 200 day simple moving average of $19.35. New York Mortgage Trust has a 1 year low of $16.50 and a 1 year high of $20.51.

New York Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were given a $0.4297 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 8.71%. The ex-dividend date of this dividend was Thursday, March 28th.

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.