Breaking Short Interest: What’s in Chimera Investment Corporation (NYSE:CIM) After Rise in Shorted Shares?

November 29, 2016 - By Hazel Jackson   ·   0 Comments

Breaking Short Interest: What’s in Chimera Investment Corporation (NYSE:CIM) After Rise in Shorted Shares?

The stock of Chimera Investment Corporation (NYSE:CIM) registered an increase of 0.74% in short interest. CIM’s total short interest was 3.57M shares in November as published by FINRA. Its up 0.74% from 3.54 million shares, reported previously. With 964,500 shares average volume, it will take short sellers 4 days to cover their CIM’s short positions. The short interest to Chimera Investment Corporation’s float is 2%. About 757,840 shares traded hands. Chimera Investment Corporation (NYSE:CIM) has risen 20.23% since April 26, 2016 and is uptrending. It has outperformed by 14.97% the S&P500.

Chimera Investment Corporation is a real estate investment trust. The company has a market cap of $3.26 billion. The Firm is primarily engaged in the business of investing, on a leveraged basis, in a diversified portfolio of mortgage assets, including Agency residential mortgage-backed securities , Non-Agency RMBS, Agency commercial mortgage backed securities (CMBS), residential mortgage loans and real estate related securities. It has a 7.24 P/E ratio. The mortgage backed securities (MBS) and real estate-related securities the Company purchases may include investment-grade and non-investment grade classes, including the BB-rated, B-rated and non-rated classes.

Insitutional Activity: The institutional sentiment increased to 0.5 in Q2 2016. Its up 0.25, from 0.25 in 2016Q1. The ratio improved, as 2 funds sold all Chimera Investment Corporation shares owned while 2 reduced positions. 1 funds bought stakes while 0 increased positions. They now own 972,918 shares or 40.73% less from 1.64 million shares in 2016Q1.
Nfc Investments Ltd reported 856,136 shares or 6.32% of all its holdings. Investment Advsrs Llc holds 0.1% of its portfolio in Chimera Investment Corporation (NYSE:CIM) for 67,420 shares. Balasa Dinverno & Foltz Ltd Co holds 49,362 shares or 0.14% of its portfolio.

Insider Transactions: Since September 9, 2016, the stock had 1 insider buy, and 0 sales for $37,110 net activity. $37,110 worth of Chimera Investment Corporation (NYSE:CIM) shares were bought by Yarlagadda Choudhary.

Chimera Investment Corporation (NYSE:CIM) Ratings Coverage

Out of 7 analysts covering Chimera Investment (NYSE:CIM), 2 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 29% are positive. Chimera Investment has been the topic of 14 analyst reports since August 12, 2015 according to StockzIntelligence Inc. Wood maintained the shares of CIM in a report on Friday, August 14 with “Hold” rating. Deutsche Bank maintained Chimera Investment Corporation (NYSE:CIM) rating on Wednesday, August 12. Deutsche Bank has “Hold” rating and $15.50 price target. Wells Fargo downgraded the shares of CIM in a report on Wednesday, May 4 to “Underperform” rating. The company was downgraded on Monday, January 18 by Wells Fargo. Nomura maintained the shares of CIM in a report on Wednesday, March 23 with “Buy” rating. The stock of Chimera Investment Corporation (NYSE:CIM) has “Hold” rating given on Tuesday, August 9 by Deutsche Bank. Barclays Capital maintained it with “Equal-Weight” rating and $15 target price in Wednesday, August 10 report. The stock of Chimera Investment Corporation (NYSE:CIM) has “Market Perform” rating given on Friday, January 15 by Wells Fargo. The rating was downgraded by Zacks to “Buy” on Wednesday, August 12. The rating was maintained by Wood with “Market Perform” on Tuesday, August 9.

CIM Company Profile

Chimera Investment Corporation, incorporated on June 1, 2007, is a real estate investment trust. The Firm is primarily engaged in the business of investing, on a leveraged basis, in a diversified portfolio of mortgage assets, including Agency residential mortgage-backed securities (RMBS), Non-Agency RMBS, Agency commercial mortgage backed securities (CMBS), residential mortgage loans and real estate related securities. The mortgage backed securities (MBS) and real estate-related securities the Company purchases may include investment-grade and non-investment grade classes, including the BB-rated, B-rated and non-rated classes.

More recent Chimera Investment Corporation (NYSE:CIM) news were published by: Seekingalpha.com which released: “Chimera Investment Corp.: A View From The Perspective Of A Preferred Investor” on October 24, 2016. Also Businesswire.com published the news titled: “CHIMERA INVESTMENT CORPORATION RELEASES 2nd QUARTER 2016 EARNINGS” on August 03, 2016. Seekingalpha.com‘s news article titled: “Chimera Investment Corp: A Potential High-Yield Ticking Time Bomb” with publication date: August 08, 2016 was also an interesting one.

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By Hazel Jackson


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