Short Interest in New York Mortgage Trust, Inc. (NASDAQ:NYMTN) Increases By 22.9%

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 11,800 shares, a growth of 22.9% from the March 15th total of 9,600 shares. Based on an average daily trading volume, of 9,600 shares, the days-to-cover ratio is presently 1.2 days.

New York Mortgage Trust Price Performance

NASDAQ:NYMTN traded down $0.27 during mid-day trading on Monday, hitting $20.59. 6,229 shares of the company’s stock traded hands, compared to its average volume of 9,660. The firm has a 50 day moving average of $22.14 and a two-hundred day moving average of $22.52. New York Mortgage Trust has a 12 month low of $19.21 and a 12 month high of $23.56.

New York Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 9.71%. The ex-dividend date of this dividend was Tuesday, April 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.