Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Short Interest Up 85.5% in September

Cherry Hill Mortgage Investment Co. (NYSE:CHMI) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 500,900 shares, a growth of 85.5% from the September 15th total of 270,000 shares. Based on an average trading volume of 193,700 shares, the days-to-cover ratio is presently 2.6 days.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Cherry Hill Mortgage Investment in a research note on Wednesday, July 10th.

Institutional Trading of Cherry Hill Mortgage Investment

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Cherry Hill Mortgage Investment by 2.7% in the first quarter. Vanguard Group Inc. now owns 1,368,084 shares of the real estate investment trust’s stock valued at $4,843,000 after purchasing an additional 36,039 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Cherry Hill Mortgage Investment by 7.9% during the 2nd quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust’s stock valued at $1,843,000 after buying an additional 37,300 shares during the last quarter. Forum Financial Management LP bought a new stake in shares of Cherry Hill Mortgage Investment in the 2nd quarter valued at approximately $1,038,000. Finally, Quadrature Capital Ltd acquired a new position in Cherry Hill Mortgage Investment in the fourth quarter worth approximately $98,000. 18.49% of the stock is currently owned by hedge funds and other institutional investors.

Cherry Hill Mortgage Investment Trading Down 0.3 %

Shares of Cherry Hill Mortgage Investment stock opened at $3.41 on Monday. Cherry Hill Mortgage Investment has a 1 year low of $2.77 and a 1 year high of $4.39. The company has a market cap of $102.37 million, a P/E ratio of -6.69 and a beta of 1.46. The stock has a 50-day moving average price of $3.55 and a 200 day moving average price of $3.60.

Cherry Hill Mortgage Investment (NYSE:CHMI) last posted its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.07). Cherry Hill Mortgage Investment had a positive return on equity of 16.36% and a negative net margin of 8.28%. The company had revenue of $13.68 million during the quarter. During the same period last year, the business earned $0.16 earnings per share. On average, equities analysts forecast that Cherry Hill Mortgage Investment will post 0.63 earnings per share for the current fiscal year.

Cherry Hill Mortgage Investment Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 17.60%. The ex-dividend date is Monday, September 30th. Cherry Hill Mortgage Investment’s dividend payout ratio is currently -117.65%.

About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.