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

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 800 shares, a decline of 85.7% from the March 31st total of 5,600 shares. Based on an average daily volume of 6,500 shares, the days-to-cover ratio is presently 0.1 days.

New York Mortgage Trust Stock Performance

Shares of NASDAQ NYMTZ traded up $0.19 during midday trading on Thursday, hitting $17.47. The company’s stock had a trading volume of 5,382 shares, compared to its average volume of 6,396. The stock has a fifty day moving average price of $17.71 and a 200 day moving average price of $17.29. New York Mortgage Trust has a one year low of $15.31 and a one year high of $18.34.

New York Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a $0.4375 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.75 dividend on an annualized basis and a yield of 10.02%.

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.