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

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) was the target of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 2,700 shares, a drop of 32.5% from the January 31st total of 4,000 shares. Based on an average daily volume of 5,200 shares, the days-to-cover ratio is presently 0.5 days.

New York Mortgage Trust Price Performance

Shares of NASDAQ:NYMTZ opened at $19.14 on Wednesday. The firm has a fifty day moving average price of $19.26 and a two-hundred day moving average price of $19.88. New York Mortgage Trust has a one year low of $16.60 and a one year high of $21.74.

New York Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were issued a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 9.15%. 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.