Short Interest in IMPAC Mortgage Holdings, Inc (IMH) Declines By 2.4%

IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 667,926 shares, a decrease of 2.4% from the October 15th total of 684,211 shares. Based on an average daily volume of 24,416 shares, the short-interest ratio is presently 27.4 days. Currently, 5.7% of the company’s stock are sold short.

Shares of NYSEAMERICAN IMH opened at $4.35 on Friday. IMPAC Mortgage has a 52 week low of $3.80 and a 52 week high of $12.35.

IMPAC Mortgage (NYSEAMERICAN:IMH) last released its quarterly earnings data on Wednesday, August 8th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.35). The business had revenue of $29.92 million during the quarter.

An institutional investor recently raised its position in IMPAC Mortgage stock. BlackRock Inc. raised its holdings in IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 552,867 shares of the company’s stock after buying an additional 18,912 shares during the period. BlackRock Inc. owned about 2.64% of IMPAC Mortgage worth $5,269,000 at the end of the most recent quarter.

Separately, JMP Securities cut IMPAC Mortgage from an “outperform” rating to a “market perform” rating and set a $14.00 price target for the company. in a research report on Friday, September 7th.

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IMPAC Mortgage Company Profile

Impac Mortgage Holdings, Inc operates as an independent residential mortgage lender in the United States. It operates through three segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment primarily originates, sells, and services residential mortgage loans eligible for government securities issued through Ginnie Mae.

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