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

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

Chimera Investment Price Performance

Chimera Investment stock opened at $3.97 on Wednesday. Chimera Investment has a 52 week low of $3.92 and a 52 week high of $6.49. The business has a 50-day simple moving average of $4.42 and a 200 day simple moving average of $4.79. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 3.00. The stock has a market cap of $956.99 million, a price-to-earnings ratio of 17.24 and a beta of 1.68.

Chimera Investment Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, April 8th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 11.10%. The ex-dividend date of this dividend is Friday, April 5th. Chimera Investment’s payout ratio is 191.30%.

Hedge Funds Weigh In On Chimera Investment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates boosted its holdings in shares of Chimera Investment by 28.6% in the 1st quarter. Raymond James & Associates now owns 54,112 shares of the real estate investment trust’s stock worth $652,000 after purchasing an additional 12,039 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Chimera Investment in the 1st quarter worth about $132,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Chimera Investment by 15.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 106,266 shares of the real estate investment trust’s stock worth $1,279,000 after purchasing an additional 14,201 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Chimera Investment by 28.3% in the 1st quarter. HighTower Advisors LLC now owns 13,551 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 2,991 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Chimera Investment by 31.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 13,203 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 3,139 shares in the last quarter. 48.44% of the stock is currently owned by hedge funds and other institutional investors.

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.