MCAN Mortgage Co. (OTCMKTS:MAMTF) Sees Large Increase in Short Interest

MCAN Mortgage Co. (OTCMKTS:MAMTF) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 105,771 shares, an increase of 114.6% from the July 30th total of 49,289 shares. Based on an average daily volume of 4,052 shares, the days-to-cover ratio is presently 26.1 days.

MCAN Mortgage Stock Performance

MCAN Mortgage stock remained flat at C$16.95 during mid-day trading on Friday. The company had a trading volume of 7,443 shares, compared to its average volume of 1,900. MCAN Mortgage has a 1-year low of C$14.62 and a 1-year high of C$18.64. The business has a 50 day simple moving average of C$17.75 and a two-hundred day simple moving average of C$17.52.

About MCAN Mortgage

MCAN Mortgage Corp., trading under the symbol MAMTF on the OTC Markets, is a Toronto-based specialty mortgage lender and a wholly-owned subsidiary of MCAN Financial Group Inc The company focuses on non-prime and self-employed borrowers, providing tailored residential and commercial mortgage solutions across Canada. Headquartered in Ontario, MCAN Mortgage leverages its in-house underwriting expertise and risk management framework to serve a niche market underserved by traditional chartered banks.

The company’s product suite includes purchase and refinance mortgages, equity take-out loans, credit-impaired financing, and term and bridge loans for both single-family residential properties and multi-unit residential or commercial real estate.