Chimera Investment Co. (NYSE:CIM) Short Interest Up 35.7% in February

Chimera Investment Co. (NYSE:CIMGet Free Report) saw a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 3,760,000 shares, a growth of 35.7% from the January 31st total of 2,770,000 shares. Based on an average daily trading volume, of 2,430,000 shares, the days-to-cover ratio is currently 1.5 days.

Chimera Investment Stock Up 0.5 %

CIM traded up $0.02 during trading on Friday, reaching $4.38. The stock had a trading volume of 1,430,947 shares, compared to its average volume of 2,146,746. The company has a market capitalization of $993.21 million, a price-to-earnings ratio of 19.04 and a beta of 1.68. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 4.12. The stock’s 50 day moving average is $4.77 and its two-hundred day moving average is $5.12. Chimera Investment has a one year low of $4.17 and a one year high of $6.49.

Wall Street Analyst Weigh In

Separately, UBS Group began coverage on Chimera Investment in a research report on Wednesday, December 6th. They set a “neutral” rating and a $5.50 price target on the stock.

Check Out Our Latest Stock Report on Chimera Investment

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its stake in Chimera Investment by 2.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 180,649 shares of the real estate investment trust’s stock valued at $902,000 after purchasing an additional 4,347 shares during the period. GSA Capital Partners LLP bought a new stake in Chimera Investment during the 4th quarter valued at approximately $133,000. Barclays PLC increased its stake in Chimera Investment by 211.3% in the 4th quarter. Barclays PLC now owns 374,562 shares of the real estate investment trust’s stock worth $1,868,000 after acquiring an additional 254,230 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Chimera Investment by 1.3% in the 4th quarter. Nuveen Asset Management LLC now owns 745,153 shares of the real estate investment trust’s stock worth $3,719,000 after acquiring an additional 9,802 shares during the last quarter. Finally, Parallax Volatility Advisers L.P. bought a new stake in Chimera Investment in the 4th quarter worth approximately $111,000. 48.19% of the stock is owned by hedge funds and other institutional investors.

About Chimera Investment

(Get Free Report)

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.

Further Reading

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