New York Mortgage Trust, Inc. (NASDAQ:NYMTL – Get Rating) was the recipient of a significant growth in short interest in the month of December. As of December 30th, there was short interest totalling 1,500 shares, a growth of 275.0% from the December 15th total of 400 shares. Based on an average daily volume of 10,800 shares, the days-to-cover ratio is currently 0.1 days.

New York Mortgage Trust Stock Up 1.7 %

NYMTL stock traded up $0.32 during mid-day trading on Tuesday, hitting $18.85. 19,826 shares of the company were exchanged, compared to its average volume of 17,633. New York Mortgage Trust has a 12-month low of $14.35 and a 12-month high of $24.80.

New York Mortgage Trust Announces Dividend

The firm also recently disclosed a dividend, which was paid on Sunday, January 15th. Stockholders of record on Friday, December 30th were paid a $0.4297 dividend. This represents a dividend yield of 10.19%. The ex-dividend date of this dividend was Thursday, December 29th.

New York Mortgage Trust Company Profile

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, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets.

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