Two Harbors Investments Corp (NYSE:TWO) reported a rise of 3.7% or 164,268 shares in its short interest. The short figure came in at 1.4% of the total floats. The average daily volume of 2,246,423 shares suggests that the days to cover 4,664,189 short positions, as on June 15,2016, will be 2. On May 31,2016, the short interest was 4,499,921 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Two Harbors Investments Corp (NYSE:TWO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.49 and $8.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $8.80. The buying momentum continued till the end and the stock did not give up its gains. It closed at $8.77, notching a gain of 1.50% for the day. The total traded volume was 5,682,104 . The stock had closed at $8.64 on the previous day.
The company shares have dropped -10.05% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $10.30 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $8.52 and the 200 Day Moving Average price is recorded at $8.01.
Two Harbors Investments Corp (NYSE:TWO) has climbed 1.74% in the past week and advanced 3.06% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.43% and the outperformance has advanced to 6.17% for the last 4 weeks period.
Two Harbors Investment Corp. (Two Harbors) operates as a real estate investment trust (REIT). The Companys investment objective is to provide risk-adjusted total return to its stockholders over the long-term, primarily through dividends and secondarily through capital appreciation. Its target assets include Agency residential mortgage-backed securities (RMBS) (which includes inverse interest-only Agency securities classified as Agency Derivatives), meaning RMBS whose principal and interest payments are guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac; Non-Agency RMBS, meaning RMBS that are not issued or guaranteed by Ginnie Mae, Fannie Mae or Freddie Mac; Residential mortgage loans; mortgage servicing rights (MSR); Commercial real estate debt and related assets, and other financial assets comprising approximately 5% to 10% of the portfolio. The Company is externally managed and advised by PRCM Advisers LLC, a subsidiary of Pine River Capital Management L.P.