Chimera Investment Co. (NYSE:CIM) Short Interest Update

Chimera Investment Co. (NYSE:CIM) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 5,050,000 shares, an increase of 11.0% from the March 15th total of 4,550,000 shares. Based on an average daily volume of 1,930,000 shares, the days-to-cover ratio is presently 2.6 days.

Chimera Investment Price Performance

Shares of NYSE:CIM opened at $3.97 on Wednesday. The stock has a market cap of $956.99 million, a PE ratio of 17.24 and a beta of 1.68. The company’s fifty day moving average is $4.42 and its 200 day moving average is $4.79. Chimera Investment has a 52 week low of $3.92 and a 52 week high of $6.49. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.00.

Chimera Investment Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, April 8th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 11.10%. The ex-dividend date of this dividend is Friday, April 5th. Chimera Investment’s payout ratio is 191.30%.

Hedge Funds Weigh In On Chimera Investment

Hedge funds have recently modified their holdings of the company. Worth Asset Management LLC purchased a new position in shares of Chimera Investment in the first quarter valued at about $30,000. Quarry LP purchased a new position in shares of Chimera Investment during the first quarter valued at about $25,000. Creative Financial Designs Inc. ADV purchased a new position in shares of Chimera Investment during the fourth quarter valued at about $25,000. Cape Investment Advisory Inc. purchased a new position in shares of Chimera Investment during the fourth quarter valued at about $27,000. Finally, Principal Securities Inc. purchased a new position in shares of Chimera Investment during the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 48.44% of the company’s stock.

Chimera Investment Company Profile

Chimera Investment Corporation operates as a real estate investment trust (REIT) in the United States. The company, through its subsidiaries, invests in a portfolio of mortgage assets, including residential mortgage loans, agency residential mortgage-backed securities, non-agency residential mortgage-backed securities, agency mortgage-backed securities secured by pools of commercial mortgage loans, business purpose and investor loans, and other real estate related securities.