Ellington Residential Mortgage REIT (NYSE:EARN) was the recipient of a large growth in short interest during the month of November. As of November 29th, there was short interest totalling 325,800 shares, a growth of 29.9% from the November 14th total of 250,900 shares. Based on an average daily volume of 29,400 shares, the days-to-cover ratio is currently 11.1 days. Approximately 3.6% of the company’s stock are short sold.

A number of brokerages recently weighed in on EARN. TheStreet upgraded Ellington Residential Mortgage REIT from a “d” rating to a “c” rating in a research note on Monday, November 25th. ValuEngine lowered shares of Ellington Residential Mortgage REIT from a “hold” rating to a “sell” rating in a report on Friday, August 30th.

NYSE EARN traded down $0.03 on Thursday, hitting $11.18. The stock had a trading volume of 401 shares, compared to its average volume of 26,148. The business’s fifty day moving average price is $10.94 and its 200 day moving average price is $10.79. Ellington Residential Mortgage REIT has a 52-week low of $9.68 and a 52-week high of $12.14. The stock has a market cap of $139.56 million, a price-to-earnings ratio of 11.24 and a beta of 0.77.

Ellington Residential Mortgage REIT (NYSE:EARN) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.04). Ellington Residential Mortgage REIT had a return on equity of 8.03% and a net margin of 20.65%. The firm had revenue of $1.67 million during the quarter.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP lifted its holdings in Ellington Residential Mortgage REIT by 34.7% in the second quarter. Susquehanna International Group LLP now owns 59,455 shares of the real estate investment trust’s stock valued at $640,000 after acquiring an additional 15,315 shares during the period. BB&T Securities LLC grew its position in shares of Ellington Residential Mortgage REIT by 1.6% during the 3rd quarter. BB&T Securities LLC now owns 63,185 shares of the real estate investment trust’s stock valued at $667,000 after acquiring an additional 1,000 shares during the period. Vanguard Group Inc. grew its position in shares of Ellington Residential Mortgage REIT by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 737,493 shares of the real estate investment trust’s stock valued at $7,936,000 after acquiring an additional 6,438 shares during the period. First Trust Advisors LP acquired a new stake in shares of Ellington Residential Mortgage REIT during the 3rd quarter valued at about $194,000. Finally, Invesco Ltd. grew its position in shares of Ellington Residential Mortgage REIT by 2.6% during the 2nd quarter. Invesco Ltd. now owns 81,138 shares of the real estate investment trust’s stock valued at $873,000 after acquiring an additional 2,070 shares during the period. 61.31% of the stock is currently owned by hedge funds and other institutional investors.

About Ellington Residential Mortgage REIT

Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS comprising non-agency CMOs, such as investment grade and non-investment grade.

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