Granite Point Mortgage Trust Inc (NYSE:GPMT) Shorts Decreased by 12% After Short Covering

The stock of Granite Point Mortgage Trust Inc (NYSE:GPMT) registered a decrease of 12% in short interest. GPMT’s total short interest was 3.62 million shares in March as published by FINRA. Its down 12% from 4.11M shares, reported previously. With 1.54M shares average volume, it will take short sellers 2 days to cover their GPMT’s short positions. The short interest to Granite Point Mortgage Trust Inc’s float is 8.58%.

The stock decreased 0.37% or $0.07 during the last trading session, reaching $18.69. About 1.73 million shares traded or 128.25% up from the average. Granite Point Mortgage Trust Inc. (NYSE:GPMT) has risen 12.83% since March 15, 2018 and is uptrending. It has outperformed by 8.46% the S&P500.

Granite Point Mortgage Trust Inc. originates, invests in, and manages senior floating-rate commercial mortgage loans, and other debt and debt-like commercial real estate investments in the United States. The company has market cap of $951.05 million. As of December 31, 2017, its investment portfolio includes 61 commercial real estate debt investments. It has a 13.19 P/E ratio. The firm intends to qualify as a real estate investment trust for federal income tax purposes.

More notable recent Granite Point Mortgage Trust Inc. (NYSE:GPMT) news were published by: Seekingalpha.com which released: “Dividend Announced, Future Growth Looks Promising – Seeking Alpha” on September 22, 2017, also Businesswire.com with their article: “Two Harbors Investment Corp. Announces Final Distribution Ratio for its Special Stock Dividend of Granite Point Mortgage Trust Inc. Common Stock and Completion of Reverse Stock Split – Business Wire” published on November 02, 2017, Seekingalpha.com published: “Two Harbors sets distribution of Granite Point stock, reverse split – Seeking Alpha” on September 14, 2017. More interesting news about Granite Point Mortgage Trust Inc. (NYSE:GPMT) were released by: Seekingalpha.com and their article: “Beware, The Raised Nail Gets Hammered – Seeking Alpha” published on July 09, 2018 as well as Seekingalpha.com‘s news article titled: “Look Smart And BUY CubeSmart – Seeking Alpha” with publication date: October 22, 2018.

Granite Point Mortgage Trust Inc. (NYSE:GPMT) Ratings Chart

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