Cherry Hill Mortgage Investment Co. (NYSE:CHMI) Short Interest Up 85.5% in September

Cherry Hill Mortgage Investment Co. (NYSE:CHMI - Get Free Report) was the recipient of a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 500,900 shares, a growth of 85.5% from the September 15th total of 270,000 shares. Based on an average daily volume of 193,700 shares, the short-interest ratio is presently 2.6 days.

Hedge Funds Weigh In On Cherry Hill Mortgage Investment

Several institutional investors have recently added to or reduced their stakes in CHMI. Quadrature Capital Ltd acquired a new position in shares of Cherry Hill Mortgage Investment in the 4th quarter valued at $98,000. Vanguard Group Inc. grew its position in Cherry Hill Mortgage Investment by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,368,084 shares of the real estate investment trust's stock valued at $4,843,000 after acquiring an additional 36,039 shares during the period. Forum Financial Management LP purchased a new stake in Cherry Hill Mortgage Investment during the second quarter valued at about $1,038,000. Finally, Renaissance Technologies LLC increased its stake in Cherry Hill Mortgage Investment by 7.9% during the second quarter. Renaissance Technologies LLC now owns 507,684 shares of the real estate investment trust's stock worth $1,843,000 after acquiring an additional 37,300 shares during the last quarter. 18.49% of the stock is currently owned by institutional investors and hedge funds.

Cherry Hill Mortgage Investment Price Performance

NYSE:CHMI traded down $0.01 on Friday, reaching $3.41. The stock had a trading volume of 110,734 shares, compared to its average volume of 198,220. Cherry Hill Mortgage Investment has a 12-month low of $2.77 and a 12-month high of $4.39. The company has a market cap of $102.37 million, a price-to-earnings ratio of -6.69 and a beta of 1.46. The firm's fifty day moving average is $3.55 and its two-hundred day moving average is $3.60.

Cherry Hill Mortgage Investment (NYSE:CHMI - Get Free Report) last announced its earnings results on Thursday, August 8th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.07). The firm had revenue of $13.68 million for the quarter. Cherry Hill Mortgage Investment had a positive return on equity of 16.36% and a negative net margin of 8.28%. During the same quarter in the prior year, the business posted $0.16 EPS. As a group, research analysts forecast that Cherry Hill Mortgage Investment will post 0.63 earnings per share for the current fiscal year.

Cherry Hill Mortgage Investment Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 17.60%. The ex-dividend date is Monday, September 30th. Cherry Hill Mortgage Investment's dividend payout ratio is currently -117.65%.

Analysts Set New Price Targets

Separately, JMP Securities reissued a "market perform" rating on shares of Cherry Hill Mortgage Investment in a research report on Wednesday, July 10th.

About Cherry Hill Mortgage Investment

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. It operates through Investments in RMBS (residential mortgage-backed securities) and Investments in Servicing Related Assets segments.