Short Interest in New York Mortgage Trust, Inc. (NASDAQ:NYMTL) Declines By 21.1%

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) was the target of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 1,500 shares, a drop of 21.1% from the February 13th total of 1,900 shares. Based on an average daily trading volume, of 20,600 shares, the days-to-cover ratio is currently 0.1 days.

New York Mortgage Trust Trading Up 0.3 %

Shares of NYMTL traded up $0.08 on Monday, reaching $21.76. The stock had a trading volume of 9,088 shares, compared to its average volume of 11,859. The company has a 50-day simple moving average of $22.11 and a 200-day simple moving average of $22.04. New York Mortgage Trust has a 12-month low of $19.05 and a 12-month high of $23.03.

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.