What’s Propelling Tremont Mortgage Trusthares of Benefici (NASDAQ:TRMT) After Lower Shorts Reported?

October 13, 2018 - By Winifred Garcia

The stock of Tremont Mortgage Trusthares of Benefici (NASDAQ:TRMT) registered a decrease of 28.34% in short interest. TRMT’s total short interest was 22,500 shares in October as published by FINRA. Its down 28.34% from 31,400 shares, reported previously. With 2,900 shares average volume, it will take short sellers 8 days to cover their TRMT’s short positions. The short interest to Tremont Mortgage Trusthares of Benefici’s float is 0.9%.

The stock increased 1.63% or $0.18 during the last trading session, reaching $11.2. About 545 shares traded. Tremont Mortgage Trust (NASDAQ:TRMT) has 0.00% since October 13, 2017 and is . It has underperformed by 15.62% the S&P500.

Tremont Mortgage Trust, a real estate investment trust, focuses on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate in the United States. The company has market cap of $35.20 million. The firm qualifies as a real estate investment trust for federal income tax purposes. It currently has negative earnings. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.

Another recent and important Tremont Mortgage Trust (NASDAQ:TRMT) news was published by Digitaljournal.com which published an article titled: “Tremont Mortgage Trust Third Quarter 2018 Conference Call Scheduled for Friday, November 2nd” on October 05, 2018.

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