Chimera Investment Corp. Short Interest Down 9.6% in June (CIM)
Chimera Investment Corp. (NYSE:CIM) saw a significant decrease in short interest during the month of June. As of June 13th, there was short interest totalling 24,853,981 shares, a decrease of 9.6% from the May 30th total of 27,493,789 shares, Analyst RN reports. Currently, 2.6% of the company’s shares are sold short. Based on an average daily trading volume, of 7,481,680 shares, the days-to-cover ratio is presently 3.3 days.
Chimera Investment Corp. (NYSE:CIM) opened at 3.14 on Tuesday. Chimera Investment Corp. has a 52 week low of $2.80 and a 52 week high of $3.34. The stock’s 50-day moving average is $3.18 and its 200-day moving average is $3.12. The company has a market cap of $3.226 billion and a price-to-earnings ratio of 8.49.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 24th. Shareholders of record on Monday, June 30th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 11.46%. The ex-dividend date of this dividend is Thursday, June 26th.
Chimera Investment Corporation is a specialty finance company that invests, either directly or indirectly through its subsidiaries, in residential mortgage-backed securities (NYSE:CIM), residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes.
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