Short Interest in New York Mortgage Trust, Inc. (NASDAQ:NYMTN) Declines By 88.8%

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 2,700 shares, a decline of 88.8% from the March 31st total of 24,000 shares. Based on an average daily volume of 8,400 shares, the days-to-cover ratio is presently 0.3 days.

New York Mortgage Trust Stock Performance

NASDAQ NYMTN traded down $0.37 on Thursday, reaching $21.23. The stock had a trading volume of 4,094 shares, compared to its average volume of 8,849. The business has a 50 day moving average price of $21.93 and a 200 day moving average price of $21.09. New York Mortgage Trust has a 1 year low of $18.20 and a 1 year high of $22.60.

New York Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Monday, April 1st were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $2.00 dividend on an annualized basis and a yield of 9.42%.

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.