Sachem Capital Corp. (NYSEAMERICAN:SACH) Sees Large Increase in Short Interest

Sachem Capital Corp. (NYSEAMERICAN:SACH) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 337,521 shares, an increase of 54.2% from the August 31st total of 218,847 shares. Based on an average daily trading volume, of 236,319 shares, the days-to-cover ratio is currently 1.4 days. Currently, 0.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SACH. Napier Financial LLC bought a new position in shares of Sachem Capital in the fourth quarter valued at $38,000. GSA Capital Partners LLP acquired a new stake in shares of Sachem Capital in the 2nd quarter worth about $39,000. Renaissance Technologies LLC raised its holdings in shares of Sachem Capital by 227.3% in the 1st quarter. Renaissance Technologies LLC now owns 150,109 shares of the company’s stock worth $152,000 after acquiring an additional 104,247 shares during the last quarter. BlackRock Inc. bought a new position in Sachem Capital in the 2nd quarter valued at about $547,000. Finally, Melia Wealth LLC bought a new position in Sachem Capital in the 2nd quarter valued at about $2,642,000. Institutional investors and hedge funds own 18.07% of the company’s stock.

Sachem Capital Stock Up 0.8%

Shares of NYSEAMERICAN:SACH opened at $0.92 on Friday. The business’s 50 day simple moving average is $0.87 and its two-hundred day simple moving average is $0.97. The firm has a market cap of $43.97 million, a P/E ratio of -3.53 and a beta of 1.28. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.40 and a current ratio of 1.40. Sachem Capital has a 52-week low of $0.76 and a 52-week high of $1.45.

Sachem Capital (NYSEAMERICAN:SACH) last released its quarterly earnings data on Wednesday, August 5th. The company reported ($0.14) EPS for the quarter. Sachem Capital had a negative net margin of 18.74% and a negative return on equity of 4.70%. The firm had revenue of $3.03 million for the quarter, compared to the consensus estimate of $11.19 million.

Sachem Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a $0.01 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.04 annualized dividend and a yield of 4.4%. Sachem Capital’s dividend payout ratio (DPR) is presently -21.05%.

About Sachem Capital

Sachem Capital Corp. (NYSE American: SACH) is a real estate finance company organized as a mortgage real estate investment trust. The company originates, underwrites, funds and services short-term mortgage loans secured primarily by first mortgage liens on residential and commercial real estate.

Its lending activities are focused on real estate investors, developers and other property owners seeking financing for acquisitions, renovations, construction, refinancing and other property-related purposes.