Short Interest in New York Mortgage Trust, Inc. (NASDAQ:NYMTM) Declines By 33.0%

New York Mortgage Trust, Inc. (NASDAQ:NYMTM) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 12,200 shares, a decrease of 33.0% from the March 15th total of 18,200 shares. Based on an average daily trading volume, of 28,400 shares, the days-to-cover ratio is currently 0.4 days.

New York Mortgage Trust Trading Up 1.4 %

NYMTM opened at $23.70 on Friday. The firm has a 50-day moving average price of $24.50 and a 200-day moving average price of $24.75. New York Mortgage Trust has a twelve month low of $22.12 and a twelve month high of $25.39.

New York Mortgage Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were paid a $0.687 dividend. This represents a $2.75 dividend on an annualized basis and a yield of 11.59%. This is a positive change from New York Mortgage Trust’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was 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.