Short Interest in New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) Drops By 87.4%

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totalling 1,400 shares, a decline of 87.4% from the June 30th total of 11,100 shares. Based on an average daily trading volume, of 9,500 shares, the days-to-cover ratio is presently 0.1 days.

New York Mortgage Trust Price Performance

Shares of NYMTZ stock traded down $0.04 during mid-day trading on Thursday, hitting $19.17. The company had a trading volume of 1,596 shares, compared to its average volume of 7,782. New York Mortgage Trust has a 52-week low of $15.31 and a 52-week high of $19.90. The stock’s 50 day moving average price is $19.31 and its 200-day moving average price is $18.31.

New York Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were paid a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a yield of 9.13%. The ex-dividend date was Monday, July 1st.

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.