New York Mortgage Trust, Inc. (NASDAQ:NYMTN) Sees Significant Increase in Short Interest

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 10,800 shares, a growth of 54.3% from the November 15th total of 7,000 shares. Based on an average daily trading volume, of 10,800 shares, the short-interest ratio is presently 1.0 days.

New York Mortgage Trust Price Performance

NASDAQ:NYMTN traded up $0.01 on Friday, reaching $22.70. 4,468 shares of the company’s stock traded hands, compared to its average volume of 9,634. The stock has a 50-day simple moving average of $22.92 and a 200-day simple moving average of $22.19. New York Mortgage Trust has a 12 month low of $20.25 and a 12 month high of $23.56.

New York Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st will be issued a $0.50 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 8.81%.

About New York Mortgage Trust

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.