MCAN Mortgage Co. (OTCMKTS:MAMTF) Sees Significant Decline in Short Interest

MCAN Mortgage Co. (OTCMKTS:MAMTF) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 8,576 shares, a decrease of 54.5% from the April 30th total of 18,858 shares. Based on an average trading volume of 264 shares, the days-to-cover ratio is currently 32.5 days.

MCAN Mortgage Price Performance

OTCMKTS MAMTF remained flat at C$18.05 on Tuesday. MCAN Mortgage has a one year low of C$13.93 and a one year high of C$18.62. The business’s fifty day simple moving average is C$17.38 and its two-hundred day simple moving average is C$16.71.

About MCAN Mortgage

MCAN Mortgage Corp., trading under the symbol MAMTF on the OTC Markets, is a Toronto-based specialty mortgage lender and a wholly-owned subsidiary of MCAN Financial Group Inc The company focuses on non-prime and self-employed borrowers, providing tailored residential and commercial mortgage solutions across Canada. Headquartered in Ontario, MCAN Mortgage leverages its in-house underwriting expertise and risk management framework to serve a niche market underserved by traditional chartered banks.

The company’s product suite includes purchase and refinance mortgages, equity take-out loans, credit-impaired financing, and term and bridge loans for both single-family residential properties and multi-unit residential or commercial real estate.