Short Interest in New York Mortgage Trust, Inc. (NASDAQ:NYMTN) Increases By 194.1%

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totalling 25,000 shares, an increase of 194.1% from the September 15th total of 8,500 shares. Based on an average daily trading volume, of 12,400 shares, the days-to-cover ratio is currently 2.0 days.

New York Mortgage Trust Stock Up 0.9 %

NASDAQ NYMTN traded up $0.20 during trading hours on Friday, hitting $23.30. The company had a trading volume of 20,763 shares, compared to its average volume of 9,643. The firm has a 50 day simple moving average of $22.34 and a 200 day simple moving average of $21.73. New York Mortgage Trust has a 52 week low of $18.71 and a 52 week high of $23.46.

New York Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 8.58%. The ex-dividend date is Tuesday, October 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.