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New York Mortgage Trust (NASDAQ:NYMT) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 5,633,174 shares, a growth of 74.0% from the April 30th total of 3,237,923 shares, AnalystRatings.NET reports. Based on an average daily trading volume, of 1,337,546 shares, the days-to-cover ratio is presently 4.2 days. Currently, 6.4% of the company’s shares are sold short.

A number of analysts have recently weighed in on NYMT shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of New York Mortgage Trust in a research note on Thursday, May 8th. They now have a $8.00 price target on the stock, up previously from $7.75. Separately, analysts at Zacks upgraded shares of New York Mortgage Trust from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $7.50 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of New York Mortgage Trust in a research note on Monday, April 14th. They now have a $7.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, New York Mortgage Trust has an average rating of “Hold” and an average target price of $7.53.

Shares of New York Mortgage Trust (NASDAQ:NYMT) opened at 7.96 on Monday. New York Mortgage Trust has a 52-week low of $5.55 and a 52-week high of $8.12. The stock’s 50-day moving average is $7.53 and its 200-day moving average is $7.32. The company has a market cap of $721.6 million and a price-to-earnings ratio of 7.26.

New York Mortgage Trust (NASDAQ:NYMT) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03.

New York Mortgage Trust, Inc (NASDAQ:NYMT), together with its consolidated subsidiaries, is a self-advised real estate investment trust (REIT).

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