Impac Mortgage Holdings, Inc. (NYSEAMERICAN:IMH) Short Interest Up 19.4% in March

kopsource · Apr 21, 2023 09:55

Impac Mortgage Holdings, Inc. (NYSEAMERICAN:IMH – Get Rating) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 69,400 shares, a growth of 19.4% from the March 15th total of 58,100 shares. Based on an average trading volume of 89,300 shares, the days-to-cover ratio is currently 0.8 days.

Insider Buying and Selling

In related news, major shareholder Rhp Trust, Dated May 31, 2011 bought 850,000 shares of the company's stock in a transaction dated Thursday, February 2nd. The stock was purchased at an average cost of $0.36 per share, with a total value of $306,000.00. Following the transaction, the insider now owns 3,550,000 shares in the company, valued at approximately $1,278,000. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by insiders.

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Institutional Inflows and Outflows

An institutional investor recently bought a new position in Impac Mortgage stock. Raymond James & Associates purchased a new stake in shares of Impac Mortgage Holdings, Inc. (NYSEAMERICAN:IMH – Get Rating) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 73,470 shares of the company's stock, valued at approximately $26,000. Raymond James & Associates owned about 0.34% of Impac Mortgage as of its most recent SEC filing. 12.49% of the stock is owned by institutional investors.

Impac Mortgage Stock Down 11.6 %

Shares of IMH stock traded down $0.03 during trading hours on Thursday, hitting $0.23. 70,894 shares of the company's stock traded hands, compared to its average volume of 82,183. The company has a quick ratio of 3.62, a current ratio of 5.01 and a debt-to-equity ratio of 14.83. The stock's fifty day simple moving average is $0.37 and its two-hundred day simple moving average is $0.31. Impac Mortgage has a 12-month low of $0.12 and a 12-month high of $0.88. The stock has a market cap of $4.95 million, a price-to-earnings ratio of -0.19 and a beta of 0.71.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Impac Mortgage in a research note on Friday, April 14th. They issued a "hold" rating for the company.

About Impac Mortgage

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Impac Mortgage Holdings, Inc engages in the provision of mortgage and real estate solutions. It operates through the following segments: Mortgage Lending, Real Estate Services, and Long-Term Mortgage Portfolio. The Mortgage Lending segment offers mortgage lending products through lending channels, retail, wholesale, and correspondent, and retains mortgage servicing rights and warehouse lending facilities.