ECC Capital Corp. (OTCMKTS:ECRO) Sees Large Decline in Short Interest

ECC Capital Corp. (OTCMKTS:ECRO) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 27,795 shares, a decrease of 65.8% from the December 15th total of 81,243 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 52,939 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 52,939 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

ECC Capital Stock Performance

OTCMKTS ECRO opened at $0.11 on Wednesday. The stock’s 50-day simple moving average is $0.11 and its two-hundred day simple moving average is $0.09. ECC Capital has a twelve month low of $0.04 and a twelve month high of $0.12.

About ECC Capital

ECC Capital Corporation, a real estate investment trust (REIT), invests in residential mortgage loans in the United States. It owns and manages interests in securitization trusts, which issues securities collateralized by residential real estate mortgages. The company qualifies as a REIT for federal income tax purposes. As a REIT, it would not be subject to federal income tax to the extent that it distributes at least 90% of its REIT taxable income to its shareholders. ECC Capital Corporation was founded in 2004 and is based in Corona Del Mar, California.