Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Short Interest Update

Manhattan Bridge Capital, Inc. (NASDAQ:LOAN - Get Free Report) was the recipient of a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 10,200 shares, a drop of 58.9% from the January 15th total of 24,800 shares. Currently, 0.1% of the company's shares are sold short. Based on an average daily trading volume, of 16,600 shares, the days-to-cover ratio is presently 0.6 days.

Manhattan Bridge Capital Stock Performance

Shares of NASDAQ LOAN traded down $0.01 during trading hours on Monday, hitting $5.60. The company's stock had a trading volume of 8,105 shares, compared to its average volume of 13,399. The stock has a market cap of $64.06 million, a price-to-earnings ratio of 11.43 and a beta of 0.55. Manhattan Bridge Capital has a 12 month low of $4.60 and a 12 month high of $5.90. The business has a 50-day simple moving average of $5.59 and a 200-day simple moving average of $5.43.

Manhattan Bridge Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th will be paid a $0.115 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $0.46 annualized dividend and a dividend yield of 8.21%. Manhattan Bridge Capital's payout ratio is presently 93.88%.

Institutional Trading of Manhattan Bridge Capital

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC bought a new stake in Manhattan Bridge Capital during the 4th quarter valued at approximately $97,000. OLIO Financial Planning bought a new stake in Manhattan Bridge Capital during the 4th quarter valued at approximately $117,000. NewEdge Advisors LLC boosted its position in Manhattan Bridge Capital by 28.4% during the 4th quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider's stock valued at $157,000 after acquiring an additional 6,215 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in Manhattan Bridge Capital by 13.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider's stock valued at $159,000 after acquiring an additional 3,324 shares in the last quarter. Finally, LPL Financial LLC bought a new stake in Manhattan Bridge Capital during the 4th quarter valued at approximately $169,000. 21.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Manhattan Bridge Capital in a research note on Tuesday, February 11th. They set a "strong-buy" rating on the stock.

About Manhattan Bridge Capital

Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. The company offers short-term, secured, and non-banking loans to real estate investors to fund acquisition, renovation, rehabilitation, or development of residential or commercial properties.