IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) saw a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 555,707 shares, a decline of 10.1% from the December 14th total of 618,476 shares. Currently, 4.7% of the company’s shares are short sold. Based on an average daily trading volume, of 89,410 shares, the days-to-cover ratio is currently 6.2 days.
Shares of NYSEAMERICAN IMH opened at $4.58 on Friday. IMPAC Mortgage has a 1 year low of $2.93 and a 1 year high of $10.60.
IMPAC Mortgage (NYSEAMERICAN:IMH) last posted its quarterly earnings data on Wednesday, November 7th. The company reported ($0.42) EPS for the quarter. The company had revenue of $19.39 million for the quarter.
In related news, major shareholder Rhp Trust, Dated May 31, 2011 sold 150,000 shares of the business’s stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $4.75, for a total transaction of $712,500.00. Following the transaction, the insider now owns 2,510,465 shares in the company, valued at $11,924,708.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
A hedge fund recently raised its stake in IMPAC Mortgage stock. BlackRock Inc. increased its holdings in shares of IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 552,867 shares of the company’s stock after acquiring an additional 18,912 shares during the period. BlackRock Inc. owned approximately 2.64% of IMPAC Mortgage worth $5,269,000 at the end of the most recent reporting period.
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About IMPAC Mortgage
Impac Mortgage Holdings, Inc operates as an independent residential mortgage lender in the United States. It operates through three segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment primarily originates, sells, and services residential mortgage loans eligible for government securities issued through Ginnie Mae.
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