Short Interest: Does Cherry Hill Mortgage Investment (NYSE:CHMI) Have Gas After Even Less Sellers Involved?

November 29, 2016 - By Louis Casey   ·   0 Comments

Short Interest: Does Cherry Hill Mortgage Investment (NYSE:CHMI) Have Gas After Even Less Sellers Involved?

The stock of Cherry Hill Mortgage Investment (NYSE:CHMI) registered a decrease of 81.25% in short interest. CHMI’s total short interest was 6,000 shares in November as published by FINRA. Its down 81.25% from 32,000 shares, reported previously. With 22,200 shares average volume, it will take short sellers 0 days to cover their CHMI’s short positions. The short interest to Cherry Hill Mortgage Investment’s float is 0.09%. About 7,225 shares traded hands. Cherry Hill Mortgage Investment Corp (NYSE:CHMI) has risen 25.02% since April 26, 2016 and is uptrending. It has outperformed by 19.76% the S&P500.

Cherry Hill Mortgage Investment Corporation is a residential real estate finance company. The company has a market cap of $134.33 million. The Firm is focused on acquiring, investing in and managing residential mortgage assets in the United States. It has a 16.43 P/E ratio. The Company’s principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation.

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.49, from 1.54 in 2016Q1. The ratio turned negative, as 2 funds sold all Cherry Hill Mortgage Investment Corp shares owned while 11 reduced positions. 10 funds bought stakes while 10 increased positions. They now own 3.57 million shares or 4.69% less from 3.75 million shares in 2016Q1.
Tower Research Capital Lc (Trc) accumulated 0% or 100 shares. Alliancebernstein Lp owns 252,384 shares or 0% of their US portfolio. Nationwide Fund Advsr accumulated 28,571 shares or 0% of the stock. The Pennsylvania-based Vanguard Group Inc Inc has invested 0% in Cherry Hill Mortgage Investment Corp (NYSE:CHMI). Yorktown Management And Research Company accumulated 63,500 shares or 0.22% of the stock. Continental Advsrs Ltd Liability accumulated 1.14% or 238,033 shares. Putnam Invests Ltd Liability Corp accumulated 0% or 130,299 shares. Jpmorgan Chase owns 2,900 shares or 0% of their US portfolio. Manufacturers Life Insurance The has invested 0% of its portfolio in Cherry Hill Mortgage Investment Corp (NYSE:CHMI). Castine Cap Mgmt Ltd holds 144,900 shares or 1.08% of its portfolio. Wells Fargo Mn accumulated 0% or 11,485 shares. Geode Capital Management Ltd Liability Corp holds 0% or 41,049 shares in its portfolio. Blackrock Institutional Na last reported 5,376 shares in the company. Moreover, Qs Investors Ltd Company has 0% invested in Cherry Hill Mortgage Investment Corp (NYSE:CHMI) for 400 shares. Deutsche Bancorporation Ag has 52,076 shares for 0% of their US portfolio.

Insider Transactions: Since November 18, 2016, the stock had 2 buys, and 0 insider sales for $25,680 net activity. On Friday, November 18 Levine Martin bought $17,160 worth of the stock or 1,000 shares. Lown Jeffrey B also bought $8,520 worth of Cherry Hill Mortgage Investment Corp (NYSE:CHMI) shares.

Cherry Hill Mortgage Investment Corp (NYSE:CHMI) Ratings Coverage

Out of 3 analysts covering Cherry Hill Mortgage Investment Corporation (NYSE:CHMI), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Cherry Hill Mortgage Investment Corporation has been the topic of 3 analyst reports since March 16, 2016 according to StockzIntelligence Inc. As per Thursday, October 6, the company rating was initiated by Wedbush. The firm earned “Equal-Weight” rating on Wednesday, March 16 by Barclays Capital. On Thursday, August 11 the stock rating was maintained by Citigroup with “Buy”.

CHMI Company Profile

Cherry Hill Mortgage Investment Corporation, incorporated on October 31, 2012, is a residential real estate finance company. The Firm is focused on acquiring, investing in and managing residential mortgage assets in the United States. The Company’s principal objective is to generate attractive current yields and risk-adjusted total returns for its stockholders over the long term, primarily through dividend distributions and secondarily through capital appreciation. The Firm focuses on attaining this objective, subject to market conditions and availability and terms of financing, by selectively constructing and managing a targeted portfolio of Servicing Related Assets, residential mortgage-backed securities (RMBS), prime mortgage loans and other cashflowing residential mortgage assets. The Firm operates its business through divisions, including investments in RMBS; investments in Servicing Related Assets, and All Other. The Company’s targeted asset classes include servicing related assets consisting of mortgage servicing rights (MSRs) and Excess MSRs; RMBS, including Agency RMBS, residential mortgage pass-through certificates, collateralized mortgage obligations (CMOs) (interest-only security (IO) and inverse IOs) and to-be-announced (TBA), and prime mortgage loans. The Firm is externally managed by Cherry Hill Mortgage Management, LLC.

More notable recent Cherry Hill Mortgage Investment Corp (NYSE:CHMI) news were published by: Nasdaq.com which released: “Is Cherry Hill Mortgage Investment (CHMI) Stock a Solid Choice Right Now?” on November 29, 2016, also Businesswire.com with their article: “Cherry Hill Mortgage Investment Corporation Announces Sale of Its Excess MSR …” published on November 15, 2016, Businesswire.com published: “Cherry Hill Mortgage Investment Corporation Announces Third Quarter 2016 Results” on November 09, 2016. More interesting news about Cherry Hill Mortgage Investment Corp (NYSE:CHMI) were released by: Marketwatch.com and their article: “Cherry Hill Mortgage started at neutral with $17 stock price target at Wedbush …” published on October 29, 2013 as well as Businesswire.com‘s news article titled: “Cherry Hill Mortgage Investment Corporation Completes Acquisition of Aurora …” with publication date: June 01, 2015.

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By Louis Casey

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