New York Mortgage Trust, Inc. (NASDAQ:NYMTN) Short Interest Update

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) was the recipient of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 8,200 shares, a decline of 24.1% from the November 30th total of 10,800 shares. Based on an average daily trading volume, of 9,500 shares, the days-to-cover ratio is currently 0.9 days.

New York Mortgage Trust Stock Performance

NYMTN traded down $0.56 during trading on Friday, reaching $22.04. 12,965 shares of the company’s stock were exchanged, compared to its average volume of 9,496. The company’s fifty day simple moving average is $22.75 and its 200-day simple moving average is $22.24. New York Mortgage Trust has a 1 year low of $20.25 and a 1 year high of $23.56.

New York Mortgage Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 9.07%. The ex-dividend date of this dividend is Tuesday, December 31st.

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.