Firm Capital Mortgage Investment Co. (OTCMKTS:FCMGF – Get Rating) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 50,300 shares, a growth of 35.2% from the March 31st total of 37,200 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 503.0 days.
FCMGF remained flat at $$10.52 during trading on Monday. The stock’s 50 day moving average is $11.09 and its 200-day moving average is $11.29. Firm Capital Mortgage Investment has a 1-year low of $10.31 and a 1-year high of $12.50.
Separately, Rowe began coverage on shares of Firm Capital Mortgage Investment in a report on Thursday. They issued a “buy” rating and a C$15.00 target price on the stock.
Firm Capital Mortgage Investment Company Profile (Get Rating)
Firm Capital Mortgage Investment Corporation, through its mortgage banker, Firm Capital Corporation, provides residential and commercial short-term bridge, and conventional real estate finance in Canada. It engages in originating, funding, purchasing, and servicing mortgage investments. The company also offers mortgage services, such as real estate financing, real estate investment financing, capital market, and loan servicing and advisory services; and a line of lending programs, including construction and development lending, investment property financing, short term lending, bridge finance, mezzanine and equity investments, capital market facilities, residential and non-conventional house lending, and condominium capital improvement loans, as well as special situation loans.
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