New York Mortgage Trust, Inc. (NASDAQ:NYMTN) Short Interest Down 41.3% in February

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) was the target of a large drop in short interest in 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 volume of 9,600 shares, the days-to-cover ratio is currently 0.8 days.

New York Mortgage Trust Trading Down 1.7 %

NYMTN stock traded down $0.39 during trading on Tuesday, hitting $22.66. 6,075 shares of the stock traded hands, compared to its average volume of 9,449. New York Mortgage Trust has a one year low of $20.25 and a one year high of $23.56. The company has a 50 day simple moving average of $22.61 and a 200 day simple moving average of $22.71.

New York Mortgage Trust Announces Dividend

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

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.