Annaly Capital Management Inc (NYSE:NLY), A increase of 1,245,419 shares or 2.5% was observed in the short interest of Annaly Capital Management The interest on June 15,2016 came in at 50,607,470 shares and as per the average daily trading of 9,884,096 shares, the days to cover are 5. The increased interest is 5.5% of the floated shares. The data of May 31,2016 put the interest at 49,362,051 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Annaly Capital Management Inc (NYSE:NLY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.61 and $10.61 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.89, notching a gain of 1.21% for the day. The total traded volume was 22,408,617 . The stock had closed at $10.76 on the previous day.
The company shares have rallied 18.24% from its 1 Year high price. On May 13, 2016, the shares registered one year high at $11.13 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $10.79 and the 200 Day Moving Average price is recorded at $10.11.
Annaly Capital Management Inc (NYSE:NLY) has climbed 2.93% in the past week and advanced 2.64% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.64% and the outperformance has advanced to 5.74% for the last 4 weeks period.
Annaly Capital Management, Inc. is a mortgage real estate investment trust (REIT). The Company uses its capital coupled with borrowed funds to invest in real estate related investments, earning the spread between the yield on its assets and the cost of its borrowings. It owns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), Agency callable debentures, other securities representing interests in or obligations backed by pools of mortgage loans, commercial real estate assets and corporate debt. The Companys business operations consist of Annaly (the parent company), Annaly Commercial Real Estate Group, Inc. (ACREG), RCap Securities, Inc., Fixed Income Discount Advisory Company (FIDAC), Annaly Middle Market Lending LLC and Shannon Funding LLC.