MCAN Mortgage Co. (OTCMKTS:MAMTF – Get Free Report) was the target of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 8,576 shares, a drop of 54.5% from the April 30th total of 18,858 shares. Based on an average daily trading volume, of 264 shares, the short-interest ratio is presently 32.5 days.
MCAN Mortgage Price Performance
OTCMKTS:MAMTF remained flat at C$18.05 during mid-day trading on Friday. The company’s 50 day simple moving average is C$17.34 and its two-hundred day simple moving average is C$16.69. MCAN Mortgage has a one year low of C$13.93 and a one year high of C$18.62.
MCAN Mortgage Company Profile
MCAN Mortgage Corp., trading under the symbol MAMTF on the OTC Markets, is a Toronto-based specialty mortgage lender and a wholly-owned subsidiary of MCAN Financial Group Inc The company focuses on non-prime and self-employed borrowers, providing tailored residential and commercial mortgage solutions across Canada. Headquartered in Ontario, MCAN Mortgage leverages its in-house underwriting expertise and risk management framework to serve a niche market underserved by traditional chartered banks.
The company’s product suite includes purchase and refinance mortgages, equity take-out loans, credit-impaired financing, and term and bridge loans for both single-family residential properties and multi-unit residential or commercial real estate.
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