Short Interest Coverage: Does Dynex Capital Incorporated (NYSE:DX) Have Gas After Even Less Sellers Involved?

December 1, 2016 - By Winifred Garcia   ·   0 Comments

Short Interest Coverage: Does Dynex Capital Incorporated (NYSE:DX) Have Gas After Even Less Sellers Involved?

The stock of Dynex Capital Incorporated (NYSE:DX) registered a decrease of 11.57% in short interest. DX’s total short interest was 572,500 shares in December as published by FINRA. Its down 11.57% from 647,400 shares, reported previously. With 168,700 shares average volume, it will take short sellers 3 days to cover their DX’s short positions. The short interest to Dynex Capital Incorporated’s float is 1.25%. About 267,709 shares traded hands or 17.45% up from the average. Dynex Capital Inc (NYSE:DX) has risen 6.47% since April 28, 2016 and is uptrending. It has outperformed by 0.55% the S&P500.

Dynex Capital, Inc. is an internally managed mortgage real estate investment trust, which invests in residential and commercial mortgage securities on a leveraged basis. The company has a market cap of $322.74 million. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation. It currently has negative earnings. It seeks to provide returns to its shareholders through regular quarterly dividends and through capital appreciation.

Insitutional Activity: The institutional sentiment increased to 2.07 in 2016 Q2. Its up 0.82, from 1.25 in 2016Q1. The ratio is positive, as 10 funds sold all Dynex Capital Inc shares owned while 30 reduced positions. 19 funds bought stakes while 31 increased positions. They now own 21.04 million shares or 2.47% less from 21.57 million shares in 2016Q1.
Geode Cap Mgmt Lc holds 0% or 378,259 shares in its portfolio. Menta Cap Ltd Liability Corp holds 0.09% of its portfolio in Dynex Capital Inc (NYSE:DX) for 93,483 shares. Quantitative Systematic Strategies Ltd Liability Co, a Connecticut-based fund reported 11,607 shares. Stifel Finance has invested 0% of its portfolio in Dynex Capital Inc (NYSE:DX). California State Teachers Retirement Systems has 94,087 shares for 0% of their US portfolio. Commonwealth Equity Services has 394,247 shares for 0.02% of their US portfolio. Us Bank De last reported 167 shares in the company. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Dynex Capital Inc (NYSE:DX). Commonwealth Finance Services Limited Liability has invested 0% of its portfolio in Dynex Capital Inc (NYSE:DX). Ladenburg Thalmann Financial holds 0.01% or 77,285 shares in its portfolio. State Bank Of Ny Mellon has 0% invested in the company for 264,843 shares. Teachers Advisors Incorporated accumulated 91,482 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) last reported 2,116 shares in the company. Lpl Fincl Ltd Liability Company reported 14,033 shares or 0% of all its holdings. Blackrock Fund Advsrs reported 2.34M shares or 0% of all its holdings.

Insider Transactions: Since June 29, 2016, the stock had 0 insider buys, and 14 selling transactions for $5.58 million net activity. Another trade for 66,103 shares valued at $496,340 was made by AKIN THOMAS B on Tuesday, August 23.

Dynex Capital Inc (NYSE:DX) Ratings Coverage

Out of 5 analysts covering Dynex Capital (NYSE:DX), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Dynex Capital has been the topic of 12 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The rating was maintained by Maxim Group with “Buy” on Monday, August 10. On Thursday, April 28 the stock rating was downgraded by Ladenburg Thalmann to “Neutral”. The stock has “Buy” rating given by Zacks on Tuesday, August 18. Maxim Group maintained Dynex Capital Inc (NYSE:DX) rating on Thursday, February 18. Maxim Group has “Buy” rating and $7.75 price target.

DX Company Profile

Dynex Capital, Inc., incorporated on December 18, 1987, is an internally managed mortgage real estate investment trust (mortgage REIT), which invests in residential and commercial mortgage-backed securities on a leveraged basis. The Company’s objective is to provide attractive risk-adjusted returns to its shareholders over the long term that is reflective of a leveraged fixed income portfolio with a focus on capital preservation. The Firm seeks to provide returns to its shareholders through regular quarterly dividends and through capital appreciation. The Firm invests in Agency and non-Agency mortgage-backed securities (MBS). MBS consist of residential MBS (RMBS), commercial MBS (CMBS) and CMBS interest-only (IO) securities. Agency MBS have a guaranty of principal payment by an agency of the United States Government or a government-sponsored entity (GSE), such as Fannie Mae and Freddie Mac. Non-Agency MBS have no such guaranty of payment. The Company’s primary source of income is net interest income, which is the excess of the interest income earned on its investments over the cost of financing these investments. The Firm invests its capital pursuant to its Operating Policies, which include an Investment Policy and Investment Risk Policy.

More important recent Dynex Capital Inc (NYSE:DX) news were published by: Businesswire.com which released: “Dynex Capital, Inc. Announces 2015 Dividend Tax Information” on February 11, 2016, also Reuters.com published article titled: “BRIEF-Dynex Capital Inc Q3 earnings per share $0.27”, Businesswire.com published: “Dynex Capital, Inc. to Present at the JMP Securities Financial Services and …” on September 24, 2014. More interesting news about Dynex Capital Inc (NYSE:DX) was released by: Seekingalpha.com and their article: “Dynex Capital: Bringing Back The Buy Rating” with publication date: November 02, 2016.

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By Winifred Garcia


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