Short Interest in Chimera Investment Co. (NYSE:CIM) Expands By 11.0%

Chimera Investment Co. (NYSE:CIM) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 5,050,000 shares, a growth of 11.0% from the March 15th total of 4,550,000 shares. Based on an average trading volume of 1,930,000 shares, the short-interest ratio is currently 2.6 days.

Hedge Funds Weigh In On Chimera Investment

Several institutional investors have recently modified their holdings of CIM. Creative Financial Designs Inc. ADV bought a new position in shares of Chimera Investment during the fourth quarter worth about $25,000. Quarry LP bought a new position in shares of Chimera Investment during the first quarter worth about $25,000. Cape Investment Advisory Inc. bought a new position in shares of Chimera Investment during the fourth quarter worth about $27,000. Principal Securities Inc. acquired a new stake in Chimera Investment in the fourth quarter worth about $28,000. Finally, Worth Asset Management LLC acquired a new stake in Chimera Investment in the first quarter worth about $30,000. Institutional investors own 48.44% of the company’s stock.

Chimera Investment Stock Down 1.4 %

Chimera Investment stock opened at $4.08 on Monday. The company has a 50-day simple moving average of $4.44 and a 200-day simple moving average of $4.81. The firm has a market capitalization of $984.75 million, a P/E ratio of 17.74 and a beta of 1.68. The company has a debt-to-equity ratio of 3.00, a quick ratio of 0.12 and a current ratio of 0.12. Chimera Investment has a one year low of $4.04 and a one year high of $6.49.

Chimera Investment Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Monday, April 8th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, April 5th. This represents a $0.44 annualized dividend and a dividend yield of 10.78%. Chimera Investment’s dividend payout ratio is currently 191.30%.

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.