AG Mortgage Investment Trust, Inc. (NYSE:MITT) experienced a 24.8% decrease in short interest in January, totaling 285,420 shares, with a low days-to-cover ratio of 1.5. The company recently raised its quarterly dividend to $0.23, now yielding 10.7%, despite a high payout ratio. Analysts generally hold a “Moderate Buy” consensus with a target price of $9.17, following several recent upgrades.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
AG Mortgage Investment Trust, Inc. (NYSE:MITT) Short Interest Down 24.8% in January
AG Mortgage Investment Trust, Inc. (NYSE:MITT) experienced a 24.8% decrease in short interest in January, totaling 285,420 shares, with a low days-to-cover ratio of 1.5. The company recently raised its quarterly dividend to $0.23, now yielding 10.7%, despite a high payout ratio. Analysts generally hold a “Moderate Buy” consensus with a target price of $9.17, following several recent upgrades.