Exantas Capital Corp (NYSE:XAN) Short Interest Update

Exantas Capital Corp (NYSE:XAN) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totalling 1,640,000 shares, a drop of 21.2% from the June 30th total of 2,080,000 shares. Based on an average daily volume of 1,700,000 shares, the days-to-cover ratio is currently 1.0 days. Approximately 5.3% of the shares of the company are sold short.

A number of equities research analysts have recently commented on the stock. Raymond James cut shares of Exantas Capital from an “outperform” rating to a “market perform” rating in a research note on Monday, April 13th. JMP Securities dropped their price objective on shares of Exantas Capital from $13.00 to $4.00 and set a “market outperform” rating on the stock in a research note on Tuesday, May 12th. Zacks Investment Research raised shares of Exantas Capital from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, ValuEngine upgraded Exantas Capital from a “strong sell” rating to a “sell” rating in a research report on Monday, June 1st.

Shares of NYSE:XAN opened at $2.23 on Friday. The business’s 50 day moving average price is $2.53 and its 200-day moving average price is $5.53. The company has a debt-to-equity ratio of 5.04, a current ratio of 270.63 and a quick ratio of 270.63. The firm has a market capitalization of $71.45 million, a price-to-earnings ratio of -0.39 and a beta of 1.41. Exantas Capital has a 1 year low of $0.95 and a 1 year high of $12.51.

Exantas Capital (NYSE:XAN) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.07). The firm had revenue of $14.90 million during the quarter. Exantas Capital had a negative net margin of 274.26% and a positive return on equity of 7.95%. On average, sell-side analysts expect that Exantas Capital will post 0.46 earnings per share for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. purchased a new position in shares of Exantas Capital during the 4th quarter worth $2,657,000. Great West Life Assurance Co. Can purchased a new position in shares of Exantas Capital during the 4th quarter worth $25,000. Denali Advisors LLC purchased a new position in shares of Exantas Capital during the 1st quarter worth $27,000. Jane Street Group LLC purchased a new position in shares of Exantas Capital during the 1st quarter worth $33,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Exantas Capital during the 4th quarter worth $154,000. Institutional investors and hedge funds own 68.55% of the company’s stock.

About Exantas Capital

Exantas Capital Corp., a real estate investment trust, primarily focuses on the origination, holding, and management of commercial mortgage loans and commercial real estate-related debt investments in the United States. It invests in commercial real estate-related assets, including first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, preferred equity investments related to commercial real estate (CRE), commercial mortgage-backed securities, and CRE equity investments.

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