Chimera Investment Corporation (CIM) : 3 days before expiry, shorts in Chimera Investment Corporation (CIM) have reduced from 5,072,456 on Jul 29, 2016, to 4,995,974 on August 15, 2016. On an average, 1,655,660 shares are traded on the exchange. The outstanding bearish positions are equal to 3% of the float. Short sellers have covered -76,482 shares, a reduction of -1.5%, which underlines that they dont expect the stock to fall further from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Chimera Investment Corporation (NYSE:CIM): The stock opened at $16.55 on Wednesday but the bulls could not build on the opening and the stock topped out at $16.57 for the day. The stock traded down to $16.37 during the day, due to lack of any buying support eventually closed down at $16.42 with a loss of -0.67% for the day. The stock had closed at $16.53 on the previous day. The total traded volume was 933,753 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Chimera Investment Corp, Mahoney Dennis had purchased shares worth of $58,995 in a transaction dated on February 29, 2016. A total of 4,500 shares were purchased at a price of $13.11 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Chimera Investment Corporation is a specialty finance company. The Company, through its subsidiaries, invests in residential mortgage-backed securities (RMBS), residential mortgage loans, commercial mortgage loans, real estate-related securities and various other asset classes. The Company is externally managed by Fixed Income Discount Advisory Company.