Why the short interest so high? It just puzzles me. Is there any red flag hidden?
I am new to NYMT, considering taking long but worry about the short ratio and the sustainability of the dividend. Anyone like to share some perspective?
Thanks in advance.
Maybe the shorts were expecting the Fiscal Cliff to drive the price down more, or expecting a dividend cut like some other similar stocks. Also there was a couple of upgrades they probably didn't see coming. It's not a large volume stock so the ratio could be a little distorted.