Firm Capital Mortgage Investment Co. (OTCMKTS:FCMGF) Short Interest Down 32.6% in May

Firm Capital Mortgage Investment Co. (OTCMKTS:FCMGFGet Rating) saw a large decline in short interest in May. As of May 31st, there was short interest totalling 59,500 shares, a decline of 32.6% from the May 15th total of 88,300 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is currently 595.0 days.

Several equities analysts have weighed in on the company. TD Securities lowered their target price on Firm Capital Mortgage Investment from C$15.50 to C$14.50 in a research note on Wednesday, May 18th. Rowe assumed coverage on Firm Capital Mortgage Investment in a report on Thursday, April 28th. They set a “buy” rating and a C$15.00 price target for the company.

Shares of Firm Capital Mortgage Investment stock remained flat at $$10.52 during trading on Tuesday. Firm Capital Mortgage Investment has a 52-week low of $10.31 and a 52-week high of $12.50. The firm’s 50-day simple moving average is $10.68 and its 200-day simple moving average is $10.98.

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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