Today’s Stock On Watch: AG Mortgage Investment Trust Incorporated (NYSE:MITT) Short Interest Increased By 8.9%

November 23, 2016 - By Dolores Ford   ·   0 Comments

Today's Stock On Watch: AG Mortgage Investment Trust Incorporated (NYSE:MITT) Short Interest Increased By 8.9%

The stock of AG Mortgage Investment Trust Incorporated (NYSE:MITT) registered an increase of 8.9% in short interest. MITT’s total short interest was 715,800 shares in November as published by FINRA. Its up 8.9% from 657,300 shares, reported previously. With 80,300 shares average volume, it will take short sellers 9 days to cover their MITT’s short positions. The short interest to AG Mortgage Investment Trust Incorporated’s float is 2.61%. About 90,369 shares traded hands. AG Mortgage Investment Trust Inc (NYSE:MITT) has risen 32.26% since April 21, 2016 and is uptrending. It has outperformed by 26.93% the S&P500.

AG Mortgage Investment Trust, Inc. is a real estate investment trust . The company has a market cap of $495.36 million. The Firm is focused on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which the Company refers to as its target assets. It has a 9.64 P/E ratio. It is also focused on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise, such as The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, GSEs), or any agency of the United States Government, such as The Government National Mortgage Association (Ginnie Mae) (collectively Agency RMBS), and other real estate-related securities and financial assets, including Non-Agency RMBS, asset backed securities (ABS), commercial mortgage-backed securities (CMBS) and loans.

Insitutional Activity: The institutional sentiment increased to 1.37 in 2016 Q2. Its up 0.41, from 0.96 in 2016Q1. The ratio is positive, as 11 funds sold all AG Mortgage Investment Trust Inc shares owned while 34 reduced positions. 9 funds bought stakes while 34 increased positions. They now own 16.88 million shares or 2.28% less from 17.27 million shares in 2016Q1.
Credit Suisse Ag last reported 0% of its portfolio in the stock. Angelo Gordon & Com Lp reported 400,000 shares or 0.41% of all its holdings. Aperio Grp Limited Liability holds 0.01% or 52,387 shares in its portfolio. Us Natl Bank De has invested 0% of its portfolio in AG Mortgage Investment Trust Inc (NYSE:MITT). Asset Mgmt has 19,254 shares for 0.06% of their US portfolio. Goldman Sachs Gp Inc has invested 0% of its portfolio in AG Mortgage Investment Trust Inc (NYSE:MITT). Alliancebernstein Limited Partnership holds 0% of its portfolio in AG Mortgage Investment Trust Inc (NYSE:MITT) for 34,100 shares. Moreover, Bb&T has 0% invested in AG Mortgage Investment Trust Inc (NYSE:MITT) for 15,000 shares. Old National National Bank & Trust In holds 0.02% or 20,000 shares in its portfolio. First Republic accumulated 0% or 25,000 shares. Blackrock Grp Ltd last reported 0% of its portfolio in the stock. Whitebox Advsr Lc has 18,709 shares for 0.01% of their US portfolio. Menta Cap Limited Liability Company accumulated 24,500 shares or 0.05% of the stock. Legal And General Group Inc Public Ltd Com has invested 0% of its portfolio in AG Mortgage Investment Trust Inc (NYSE:MITT). Fuller And Thaler Asset Mgmt holds 0.58% of its portfolio in AG Mortgage Investment Trust Inc (NYSE:MITT) for 2.33M shares.

AG Mortgage Investment Trust Inc (NYSE:MITT) Ratings Coverage

Out of 3 analysts covering AG Mortgage Investment Trust (NYSE:MITT), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. AG Mortgage Investment Trust has been the topic of 11 analyst reports since August 10, 2015 according to StockzIntelligence Inc. Maxim Group maintained AG Mortgage Investment Trust Inc (NYSE:MITT) rating on Monday, August 10. Maxim Group has “Buy” rating and $19.5 price target. Wood maintained the stock with “Market Perform” rating in Monday, August 17 report. Wunderlich maintained the stock with “Hold” rating in Monday, August 8 report. The firm earned “Hold” rating on Wednesday, November 11 by Wunderlich. As per Monday, August 10, the company rating was maintained by Deutsche Bank. The stock has “Buy” rating given by Wunderlich on Monday, November 7. The stock of AG Mortgage Investment Trust Inc (NYSE:MITT) earned “Buy” rating by Maxim Group on Monday, November 9.

MITT Company Profile

AG Mortgage Investment Trust, Inc., incorporated on March 1, 2011, is a real estate investment trust (REIT). The Firm is focused on investing in, acquiring and managing a diversified portfolio of residential mortgage assets, other real estate-related securities and financial assets, which the Company refers to as its target assets. It is also focused on investing in residential mortgage-backed securities (RMBS) issued or guaranteed by a government-sponsored enterprise, such as The Federal National Mortgage Association (Fannie Mae) or The Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, GSEs), or any agency of the United States Government, such as The Government National Mortgage Association (Ginnie Mae) (collectively Agency RMBS), and other real estate-related securities and financial assets, including Non-Agency RMBS, asset backed securities (ABS), commercial mortgage-backed securities (CMBS) and loans.

More news for AG Mortgage Investment Trust Inc (NYSE:MITT) were recently published by: Businesswire.com, which released: “AG Mortgage Investment Trust, Inc. Schedules Third Quarter 2016 Earnings …” on October 21, 2016. Businesswire.com‘s article titled: “AG Mortgage Investment Trust, Inc. Announces Fourth Quarter 2015 Common …” and published on December 10, 2015 is yet another important article.

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By Dolores Ford


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