Ellington Residential Mortgage REIT (NYSE:EARN) Short Interest Down 22.7% in January
Ellington Residential Mortgage REIT (NYSE:EARN) saw a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 231,800 shares, a decline of 22.7% from the January 15th total of 299,700 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average daily trading volume, of 35,200 shares, the short-interest ratio is presently 6.6 days.
Shares of NYSE:EARN traded up $0.19 on Friday, reaching $11.66. The company had a trading volume of 48,300 shares, compared to its average volume of 48,635. Ellington Residential Mortgage REIT has a twelve month low of $9.68 and a twelve month high of $12.14. The stock has a 50-day moving average price of $10.97 and a 200 day moving average price of $10.83. The stock has a market capitalization of $143.03 million, a P/E ratio of 6.51 and a beta of 0.77.
Ellington Residential Mortgage REIT (NYSE:EARN) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.09). The company had revenue of $1.37 million during the quarter. Ellington Residential Mortgage REIT had a return on equity of 7.25% and a net margin of 259.70%.
Institutional investors have recently bought and sold shares of the company. Marshall Wace LLP bought a new position in shares of Ellington Residential Mortgage REIT in the first quarter worth about $40,000. First Trust Advisors LP bought a new position in shares of Ellington Residential Mortgage REIT in the third quarter worth about $194,000. Goldman Sachs Group Inc. bought a new position in shares of Ellington Residential Mortgage REIT in the fourth quarter worth about $222,000. Squarepoint Ops LLC increased its stake in shares of Ellington Residential Mortgage REIT by 5.4% in the third quarter. Squarepoint Ops LLC now owns 22,006 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 1,122 shares during the period. Finally, Credit Suisse AG increased its stake in shares of Ellington Residential Mortgage REIT by 58.0% in the fourth quarter. Credit Suisse AG now owns 29,226 shares of the real estate investment trust’s stock worth $317,000 after purchasing an additional 10,723 shares during the period. Institutional investors and hedge funds own 61.23% of the company’s stock.
Separately, TheStreet raised Ellington Residential Mortgage REIT from a “d” rating to a “c” rating in a research report on Monday, November 25th.
About Ellington Residential Mortgage REIT
Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS comprising non-agency CMOs, such as investment grade and non-investment grade.
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