Lument Finance Trust, Inc. (NYSE:LFT) Short Interest Up 84.0% in August

Lument Finance Trust, Inc. (NYSE:LFT) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 542,428 shares, an increase of 84.0% from the August 15th total of 294,756 shares. Approximately 1.1% of the shares of the company are short sold. Based on an average daily trading volume, of 214,440 shares, the short-interest ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Lument Finance Trust in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP raised its position in shares of Lument Finance Trust by 957.6% in the second quarter. Susquehanna International Group LLP now owns 182,226 shares of the technology company’s stock worth $168,000 after buying an additional 164,996 shares in the last quarter. Melia Wealth LLC purchased a new position in Lument Finance Trust during the second quarter worth about $1,308,000. Callan Family Office LLC bought a new position in Lument Finance Trust in the 2nd quarter worth about $71,000. BlackRock Inc. bought a new position in Lument Finance Trust in the 2nd quarter worth about $344,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Lument Finance Trust in the 1st quarter valued at about $180,000. 19.45% of the stock is currently owned by hedge funds and other institutional investors.

Lument Finance Trust Price Performance

Shares of Lument Finance Trust stock traded up $0.09 on Wednesday, reaching $6.59. The stock had a trading volume of 853 shares, compared to its average volume of 21,143. The business’s 50 day moving average is $7.43 and its two-hundred day moving average is $10.27. The company has a current ratio of 5.98, a quick ratio of 5.98 and a debt-to-equity ratio of 6.11. Lument Finance Trust has a 1 year low of $5.80 and a 1 year high of $22.10. The company has a market cap of $34.60 million, a P/E ratio of -1.83 and a beta of 0.57.

Lument Finance Trust (NYSE:LFT) last issued its quarterly earnings data on Thursday, August 13th. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.65 by ($0.75). The firm had revenue of ($13.37) million for the quarter, compared to analysts’ expectations of $4.59 million. Lument Finance Trust had a negative net margin of 18.00% and a positive return on equity of 0.86%.

About Lument Finance Trust

Lument Finance Trust is a real estate investment trust that focuses on originating and acquiring senior secured loans backed by commercial real estate properties. Listed on the New York Stock Exchange under the ticker LFT, the company seeks to generate attractive risk‐adjusted returns by targeting floating‐rate, first‐mortgage loans across a broad range of property types, including multifamily, office, retail, industrial and hospitality.

The firm’s core business activity centers on deploying capital into short‐ and medium‐term financing solutions for institutional real estate owners and developers.