Short Interest in Annaly Capital Management Drops By 20.5% (NLY)
Annaly Capital Management (NYSE:NLY) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 19,912,875 shares, a drop of 20.5% from the March 31st total of 25,037,840 shares, AnalystRatingsNetwork.com reports. Currently, 2.1% of the shares of the company are sold short. Based on an average daily volume of 10,228,240 shares, the short-interest ratio is presently 1.9 days.
NLY has been the subject of a number of recent research reports. Analysts at Portales Partners upgraded shares of Annaly Capital Management from a “sector perform” rating to an “outperform” rating in a research note on Thursday. Separately, analysts at Bank of America reiterated an “underperform” rating on shares of Annaly Capital Management in a research note on Thursday. They now have a $10.00 price target on the stock, up previously from $8.50. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Annaly Capital Management in a research note on Wednesday, April 16th. They now have a $11.50 price target on the stock. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $11.88.
Annaly Capital Management (NYSE:NLY) opened at 11.51 on Friday. Annaly Capital Management has a 52-week low of $9.66 and a 52-week high of $15.25. The stock has a 50-day moving average of $11.33 and a 200-day moving average of $10.85. The company has a market cap of $10.905 billion and a P/E ratio of 3.16.
Annaly Capital Management (NYSE:NLY) last announced its earnings results on Wednesday, May 7th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.05. During the same quarter in the previous year, the company posted $0.47 earnings per share. On average, analysts predict that Annaly Capital Management will post $1.18 earnings per share for the current fiscal year.
Annaly Capital Management, Inc (NYSE:NLY) owns, manage, and finance a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), Agency callable debentures, and other securities representing interests in or obligations backed by pools of mortgage loans.
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