Sachem Capital Corp. (NYSEAMERICAN:SACH) Short Interest Update

Sachem Capital Corp. (NYSEAMERICAN:SACH) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,450,000 shares, a decline of 31.3% from the January 15th total of 2,110,000 shares. Based on an average daily volume of 546,000 shares, the days-to-cover ratio is presently 2.7 days.

Sachem Capital Stock Performance

Shares of SACH traded down $0.06 during trading hours on Friday, hitting $1.08. The stock had a trading volume of 251,393 shares, compared to its average volume of 390,964. Sachem Capital has a 1-year low of $1.00 and a 1-year high of $4.64. The company has a market cap of $50.73 million, a PE ratio of -5.68, a P/E/G ratio of 0.09 and a beta of 1.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.79 and a quick ratio of 1.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cox Capital Mgt LLC acquired a new position in Sachem Capital during the fourth quarter worth $812,000. Geode Capital Management LLC raised its holdings in shares of Sachem Capital by 6.9% in the 3rd quarter. Geode Capital Management LLC now owns 516,918 shares of the company’s stock worth $1,303,000 after acquiring an additional 33,317 shares during the last quarter. Barclays PLC bought a new position in Sachem Capital in the 3rd quarter valued at about $109,000. US Financial Advisors LLC lifted its position in Sachem Capital by 3.0% in the 3rd quarter. US Financial Advisors LLC now owns 423,578 shares of the company’s stock valued at $1,067,000 after acquiring an additional 12,428 shares in the last quarter. Finally, Teamwork Financial Advisors LLC boosted its stake in Sachem Capital by 78.4% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 74,551 shares of the company’s stock valued at $188,000 after purchasing an additional 32,757 shares during the last quarter. Institutional investors own 18.07% of the company’s stock.

Analysts Set New Price Targets

SACH has been the topic of a number of research analyst reports. Alliance Global Partners cut Sachem Capital from a “buy” rating to a “neutral” rating and set a $2.00 price target on the stock. in a report on Friday, November 15th. Oppenheimer reiterated an “outperform” rating and set a $2.50 target price (down previously from $4.00) on shares of Sachem Capital in a research report on Friday, December 6th.

About Sachem Capital

Sachem Capital Corp. operates as a real estate finance company in the United States. The company engages in the originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property. It offers short term loans to real estate investors or developers to fund its acquisition, renovation, rehabilitation, development, and/or improvement of residential or commercial properties.