Short Interest in Sachem Capital Corp. (NYSEAMERICAN:SACH) Decreases By 38.4%

Sachem Capital Corp. (NYSEAMERICAN:SACH) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 139,702 shares, a decrease of 38.4% from the April 30th total of 226,949 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 134,051 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Sachem Capital

Several large investors have recently made changes to their positions in SACH. Virtu Financial LLC acquired a new stake in Sachem Capital in the 3rd quarter valued at $37,000. Napier Financial LLC acquired a new position in Sachem Capital during the 4th quarter worth $38,000. Renaissance Technologies LLC increased its holdings in Sachem Capital by 91.1% in the fourth quarter. Renaissance Technologies LLC now owns 45,862 shares of the company’s stock valued at $48,000 after buying an additional 21,862 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Sachem Capital by 193.8% in the 1st quarter. Jane Street Group LLC now owns 47,393 shares of the company’s stock valued at $55,000 after acquiring an additional 31,260 shares during the last quarter. Finally, Susquehanna International Group LLP raised its holdings in shares of Sachem Capital by 12.3% during the third quarter. Susquehanna International Group LLP now owns 133,614 shares of the company’s stock worth $148,000 after purchasing an additional 14,619 shares during the period. Institutional investors and hedge funds own 18.07% of the company’s stock.

Sachem Capital Trading Up 0.4%

Shares of NYSEAMERICAN:SACH traded up $0.01 during midday trading on Thursday, reaching $1.20. The company’s stock had a trading volume of 15,684 shares, compared to its average volume of 314,680. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.01. The firm has a market cap of $57.31 million, a price-to-earnings ratio of -11.90 and a beta of 1.12. The business has a 50 day moving average price of $1.09 and a 200 day moving average price of $1.05. Sachem Capital has a 1 year low of $0.90 and a 1 year high of $1.45.

Sachem Capital (NYSEAMERICAN:SACH) last announced its quarterly earnings data on Wednesday, May 20th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.17). The company had revenue of $5.10 million for the quarter, compared to analysts’ expectations of $9.43 million. Sachem Capital had a negative return on equity of 0.39% and a negative net margin of 1.54%.

Sachem Capital Company Profile

Sachem Capital Corp (NYSEAMERICAN:SACH) is an externally managed, non-diversified closed-end management investment trust that seeks to provide shareholders with current income and long-term capital appreciation. The trust is managed by Sachem Capital Management, L.P., an affiliate of Sachem Wealth Management, and its shares trade on the NYSE American exchange.

The trust’s investment strategy focuses on a diversified portfolio of senior secured debt obligations, including first and second lien loans, mezzanine loans, high-yield bonds and preferred equity.