New Residential Investment (NYSE:NRZ) has witnessed a drop of 9.9% or 961,756 shares in its short figure. The short interest diminution took it from 9,728,927 on May 31,2016 to 8,767,171 on June 15,2016. In terms of floated shares, the short interest was calculated to be 3.9%. The days to cover are 5 given that the daily volume averaged 1,946,945 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
New Residential Investment (NYSE:NRZ): The stock opened at $13.05 on Friday but the bulls could not build on the opening and the stock topped out at $13.55 for the day. The stock traded down to $12.80 during the day, due to lack of any buying support eventually closed down at $13.07 with a loss of -2.24% for the day. The stock had closed at $13.37 on the previous day. The total traded volume was 5,244,364 shares.
The company shares have dropped -14.80% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $15.95 and the one year low was seen on Jan 14, 2016. The 50-Day Moving Average price is $13.43 and the 200 Day Moving Average price is recorded at $11.95.
New Residential Investment (NYSE:NRZ) has tumbled 2.24% during the past week and has dropped 3.54% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.62%. New Residential Investment (NYSE:NRZ) has underperformed the index by 0.62% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
New Residential Investment Corp. (New Residential) is a publicly traded real estate investment trust. The Company is focused on investing and managing residential real estate investments. Its portfolio consists of servicing related assets, residential securities and loans and other investments. Its business segments include: Excess Mortgage Servicing Rights (Excess MSRs), Servicer Advances, Real Estate Securities, Real Estate Loans, Consumer Loans and Corporate. It has acquired Excess MSRs on residential mortgage loans with an aggregate unpaid principal balance (UPB) as of December 31, 2014 of approximately $248.7 billion. It acquires and manages a portfolio of credit sensitive real estate securities, including Non-Agency and Agency residential mortgage backed securities (RMBS). It has acquired residential mortgage loans, including performing, non-performing, re-performing and reverse mortgage loans.