CAPSTEAD MTG CO/SH (NYSE:CMO) Sees Significant Decline in Short Interest

CAPSTEAD MTG CO/SH (NYSE:CMO) saw a large decrease in short interest in the month of August. As of August 31st, there was short interest totalling 4,703,600 shares, a decrease of 12.3% from the July 31st total of 5,365,100 shares. Approximately 5.0% of the company’s stock are sold short. Based on an average daily volume of 834,700 shares, the days-to-cover ratio is currently 5.6 days.

A number of institutional investors have recently bought and sold shares of the business. Nisa Investment Advisors LLC lifted its stake in shares of CAPSTEAD MTG CO/SH by 83.0% during the second quarter. Nisa Investment Advisors LLC now owns 7,291 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 3,306 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in shares of CAPSTEAD MTG CO/SH during the first quarter worth approximately $67,000. Bank of Montreal Can raised its stake in shares of CAPSTEAD MTG CO/SH by 769.6% during the second quarter. Bank of Montreal Can now owns 8,044 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 7,119 shares in the last quarter. Sawtooth Solutions LLC purchased a new position in shares of CAPSTEAD MTG CO/SH during the first quarter worth approximately $154,000. Finally, Clear Harbor Asset Management LLC purchased a new position in shares of CAPSTEAD MTG CO/SH during the second quarter worth approximately $167,000. 81.41% of the stock is owned by institutional investors.

Separately, TheStreet downgraded CAPSTEAD MTG CO/SH from a “c-” rating to a “d” rating in a report on Thursday, July 25th.

NYSE CMO traded up $0.03 during trading hours on Thursday, hitting $7.44. 20,072 shares of the company were exchanged, compared to its average volume of 793,377. The company has a 50 day moving average of $7.91 and a two-hundred day moving average of $8.31. The company has a quick ratio of 15.81, a current ratio of 15.81 and a debt-to-equity ratio of 14.05. CAPSTEAD MTG CO/SH has a 52-week low of $6.58 and a 52-week high of $9.25. The firm has a market cap of $618.93 million, a price-to-earnings ratio of 21.91 and a beta of 0.72.

CAPSTEAD MTG CO/SH (NYSE:CMO) last issued its quarterly earnings results on Wednesday, July 24th. The real estate investment trust reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.04. CAPSTEAD MTG CO/SH had a positive return on equity of 5.87% and a negative net margin of 17.19%. The company had revenue of $85.70 million for the quarter.

About CAPSTEAD MTG CO/SH

Capstead Mortgage Corporation operates as a real estate investment trust (REIT) in the United States. It invests in a portfolio of residential mortgage pass-through securities primarily consisting of short-duration adjustable-rate mortgage securities issued and guaranteed by government-sponsored enterprises, or by an agency of the federal government.

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