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

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) saw a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 8,100 shares, a drop of 41.3% from the January 31st total of 13,800 shares. Based on an average daily trading volume, of 9,600 shares, the short-interest ratio is currently 0.8 days.

New York Mortgage Trust Price Performance

NYMTN stock traded down $0.39 during midday trading on Tuesday, reaching $22.66. The stock had a trading volume of 6,075 shares, compared to its average volume of 9,449. New York Mortgage Trust has a twelve month low of $20.25 and a twelve month high of $23.56. The business has a fifty day simple moving average of $22.61 and a two-hundred day simple moving average of $22.71.

New York Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date was Tuesday, December 31st.

About New York Mortgage Trust

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.