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

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) saw a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 9,600 shares, a decrease of 30.9% from the February 28th total of 13,900 shares. Based on an average daily volume of 8,300 shares, the days-to-cover ratio is currently 1.2 days.

New York Mortgage Trust Stock Performance

NYMTN traded down $0.19 during trading on Tuesday, hitting $21.52. The stock had a trading volume of 19,211 shares, compared to its average volume of 9,443. The company has a 50 day moving average price of $22.72 and a 200-day moving average price of $22.77. New York Mortgage Trust has a one year low of $20.25 and a one year high of $23.56.

New York Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 9.30%.

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.