Sachem Capital Corp. (NYSEAMERICAN:SACH) Sees Significant Growth in Short Interest

Sachem Capital Corp. (NYSEAMERICAN:SACH) saw a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 1,840,000 shares, a growth of 26.9% from the January 31st total of 1,450,000 shares. Based on an average trading volume of 457,800 shares, the short-interest ratio is presently 4.0 days.

Sachem Capital Trading Up 1.9 %

Shares of NYSEAMERICAN SACH traded up $0.02 on Wednesday, reaching $1.05. 84,610 shares of the company traded hands, compared to its average volume of 374,772. Sachem Capital has a fifty-two week low of $1.00 and a fifty-two week high of $4.64. The firm’s 50 day moving average is $1.16. The company has a market capitalization of $49.32 million, a PE ratio of -5.53, a PEG ratio of 0.09 and a beta of 1.65. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.11.

Wall Street Analyst Weigh In

Several research firms recently commented on SACH. Alliance Global Partners cut Sachem Capital from a “buy” rating to a “neutral” rating and set a $2.00 target price for the company. in a research note on Friday, November 15th. Oppenheimer reiterated an “outperform” rating and set a $2.50 price target (down from $4.00) on shares of Sachem Capital in a research note on Friday, December 6th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. StoneX Group Inc. bought a new position in Sachem Capital in the fourth quarter worth about $35,000. JB Capital LLC grew its stake in Sachem Capital by 32.7% during the 3rd quarter. JB Capital LLC now owns 20,301 shares of the company’s stock worth $51,000 after buying an additional 5,006 shares during the last quarter. Virtu Financial LLC acquired a new stake in Sachem Capital in the third quarter worth $60,000. Janus Henderson Group PLC boosted its holdings in shares of Sachem Capital by 124.5% during the third quarter. Janus Henderson Group PLC now owns 29,549 shares of the company’s stock valued at $74,000 after acquiring an additional 16,385 shares during the period. Finally, One Charles Private Wealth Services LLC bought a new position in shares of Sachem Capital during the third quarter worth about $97,000. Institutional investors and hedge funds own 18.07% of the company’s stock.

Sachem Capital Company Profile

Sachem Capital Corp. operates as a real estate finance company in the United States. The company engages in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property. It offers short term loans to real estate investors or developers to fund its acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties.