Short traders are feeling a little more bearish lately at least if you consider the rise in short interest. The company had a rise in short interest of 23.09% between October 13, 2017 and October 31, 2017. Short interest grew from 334,843 to 412,156 over that timeframe. The days to cover decreased to 5.0 and the percentage of shorted shares was 0.03% on October 31.
Here are a few substantial investment firms who have updated their positions. As of the end of the quarter Wells Fargo & Company/mn had sold a total of 2,171 shares trimming its stake by 77.6%. The value of the investment in Ellington Residential Mortgage decreased from $41,000 to $9,000 a change of 78.0% since the last quarter. American International Group Inc added to its position by buying 417 shares an increase of 8.1% from 06/30/2017 to 09/30/2017. American International Group Inc controls 5,573 shares valued at $81,000. The total value of its holdings increased 6.6%.
California State Teachers Retirement System trimmed its ownership by selling 1,000 shares a decrease of 6.8% in the quarter. California State Teachers Retirement System now holds 13,700 shares with a value of $199,000. The value of the position overall is down by 7.9%. Citigroup Inc expanded its stake by buying 20,252 shares an increase of 35,529.8%. Citigroup Inc currently owns 20,309 shares worth $295,000. The value of the position overall is up by 29,400.0%.
Deutsche Bank AG lowered the price target on August 2 changing the forecast from $14.50 to $14.00 with a rating of “Hold”.
In the market the company is trading down by 0.94% since yesterday’s close of 12.81. The P/E ratio is 11.78 and the market value is 169.23M. As of the last earnings report the EPS was $1.08 with 13.34M shares currently outstanding.
Ellington Residential Mortgage REIT, launched on August 2, 2012, is a real estate investment trust (REIT). The Company conducts its business through its subsidiaries, EARN OP GP LLC (the General Partner) and Ellington Residential Mortgage LP (the Operating Partnership). The Company specializes in acquiring, investing in and managing residential mortgage- and real estate-related assets. The Company constructs and managing a portfolio consisting of residential mortgage-backed securities (RMBS) for which the principal and interest payments are guaranteed by the United States Government agency or the United States Government-sponsored entity (Agency RMBS) and, to a lesser extent, RMBS backed by prime jumbo, Alternative A-paper (Alt-A) manufactured housing, and subprime residential mortgage loans (non-Agency RMBS)..