Lument Finance Trust, Inc. (NYSE:LFT) Short Interest Up 84.0% in August

Lument Finance Trust, Inc. (NYSE:LFT) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 542,428 shares, an increase of 84.0% from the August 15th total of 294,756 shares. Approximately 1.1% of the shares of the stock are short sold. Based on an average daily volume of 214,440 shares, the short-interest ratio is presently 2.5 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Lument Finance Trust in a research report on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Trading of Lument Finance Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP boosted its stake in Lument Finance Trust by 957.6% in the second quarter. Susquehanna International Group LLP now owns 182,226 shares of the technology company’s stock worth $168,000 after buying an additional 164,996 shares in the last quarter. Melia Wealth LLC purchased a new position in shares of Lument Finance Trust during the second quarter worth approximately $1,308,000. Callan Family Office LLC bought a new stake in shares of Lument Finance Trust in the 2nd quarter worth approximately $71,000. BlackRock Inc. bought a new stake in shares of Lument Finance Trust in the 2nd quarter worth approximately $344,000. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Lument Finance Trust in the 1st quarter worth approximately $180,000. Hedge funds and other institutional investors own 19.45% of the company’s stock.

Lument Finance Trust Price Performance

NYSE:LFT traded up $0.09 during midday trading on Wednesday, hitting $6.59. The company had a trading volume of 853 shares, compared to its average volume of 21,143. The company has a market capitalization of $34.60 million, a PE ratio of -1.83 and a beta of 0.57. The company has a quick ratio of 5.98, a current ratio of 5.98 and a debt-to-equity ratio of 6.11. Lument Finance Trust has a 52-week low of $5.80 and a 52-week high of $22.10. The stock’s fifty day moving average price is $7.43 and its 200-day moving average price is $10.27.

Lument Finance Trust (NYSE:LFT) last issued its quarterly earnings results on Thursday, August 13th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.75). Lument Finance Trust had a positive return on equity of 0.86% and a negative net margin of 18.00%.The firm had revenue of ($13.37) million for the quarter, compared to the consensus estimate of $4.59 million.

Lument Finance Trust Company Profile

Lument Finance Trust is a real estate investment trust that focuses on originating and acquiring senior secured loans backed by commercial real estate properties. Listed on the New York Stock Exchange under the ticker LFT, the company seeks to generate attractive risk?adjusted returns by targeting floating?rate, first?mortgage loans across a broad range of property types, including multifamily, office, retail, industrial and hospitality.

The firm’s core business activity centers on deploying capital into short? and medium?term financing solutions for institutional real estate owners and developers.