Short Interest in New York Mortgage Trust, Inc. (NASDAQ:NYMTL) Rises By 204.5%

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 13,400 shares, an increase of 204.5% from the March 15th total of 4,400 shares. Based on an average daily volume of 10,000 shares, the days-to-cover ratio is presently 1.3 days.

New York Mortgage Trust Trading Up 0.7 %

NASDAQ NYMTL traded up $0.15 during trading hours on Thursday, hitting $20.92. 744 shares of the company were exchanged, compared to its average volume of 12,041. The stock has a 50-day moving average price of $21.57 and a 200 day moving average price of $22.01. New York Mortgage Trust has a 52 week low of $19.05 and a 52 week high of $23.03.

New York Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a $0.4297 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.72 annualized dividend and a dividend yield of 8.22%.

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.