Chimera Investment Corporation (NYSE:CIM) stated gains of 434,741 shares or 13.1% in the short interest. The short interest registered from 3,308,160 on May 31,2016 to 3,742,901 on June 15,2016. In terms of floated shares, the shorted positions stood at 2.2%. The stock has been averaging 1,445,168 shares daily in trading and would need 3 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Chimera Investment Corporation (NYSE:CIM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.48 and $15.23 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.77, notching a gain of 1.09% for the day. The total traded volume was 4,981,471 . The stock had closed at $15.60 on the previous day.
The company shares have rallied 14.94% from its 1 Year high price. On Jun 24, 2016, the shares registered one year high at $15.83 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $15.21 and the 200 Day Moving Average price is recorded at $13.81.
Chimera Investment Corporation (NYSE:CIM) has climbed 1.94% in the past week and advanced 5.34% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.63% and the outperformance has advanced to 8.53% for the last 4 weeks period.
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.