Short Interest in Lument Finance Trust, Inc. (NYSE:LFT) Decreases By 47.2%

Lument Finance Trust, Inc. (NYSE:LFT) was the recipient of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 45,800 shares, a drop of 47.2% from the February 13th total of 86,800 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 117,600 shares, the days-to-cover ratio is currently 0.4 days.

Lument Finance Trust Stock Performance

Shares of LFT stock traded up $0.02 during midday trading on Friday, hitting $2.73. The company had a trading volume of 55,666 shares, compared to its average volume of 102,957. The stock has a market cap of $142.76 million, a price-to-earnings ratio of 7.58 and a beta of 1.05. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29. The company’s 50 day simple moving average is $2.65 and its 200 day simple moving average is $2.59. Lument Finance Trust has a 52-week low of $2.16 and a 52-week high of $2.80.

Institutional Trading of Lument Finance Trust

Hedge funds have recently made changes to their positions in the company. Melia Wealth LLC increased its position in Lument Finance Trust by 3.5% during the 4th quarter. Melia Wealth LLC now owns 727,365 shares of the technology company’s stock worth $1,877,000 after purchasing an additional 24,415 shares during the period. Geode Capital Management LLC boosted its stake in shares of Lument Finance Trust by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 443,701 shares of the technology company’s stock valued at $1,146,000 after buying an additional 4,748 shares in the last quarter. Northern Trust Corp grew its holdings in Lument Finance Trust by 7.5% during the fourth quarter. Northern Trust Corp now owns 85,750 shares of the technology company’s stock worth $221,000 after acquiring an additional 5,991 shares during the period. Millennium Management LLC purchased a new position in Lument Finance Trust in the fourth quarter worth $160,000. Finally, NewEdge Advisors LLC lifted its holdings in Lument Finance Trust by 79.2% in the fourth quarter. NewEdge Advisors LLC now owns 61,179 shares of the technology company’s stock valued at $158,000 after acquiring an additional 27,037 shares during the period. Institutional investors and hedge funds own 19.45% of the company’s stock.

Lument Finance Trust Company Profile

Lument Finance Trust, Inc, a real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States. The company primarily invests in transitional floating rate CRE mortgage loans on middle market multi-family assets; and other CRE -related investments, including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments.