Short Interest in America First Multifamily Investors LP (NASDAQ:ATAX) Declines By 7.8%

America First Multifamily Investors LP (NASDAQ:ATAX) saw a significant decline in short interest in the month of November. As of November 29th, there was short interest totalling 31,700 shares, a decline of 7.8% from the November 14th total of 34,400 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 122,700 shares, the days-to-cover ratio is presently 0.3 days.

Several institutional investors and hedge funds have recently bought and sold shares of ATAX. Russell Investments Group Ltd. bought a new position in shares of America First Multifamily Investors in the second quarter worth approximately $25,000. Steward Partners Investment Advisory LLC bought a new position in shares of America First Multifamily Investors in the second quarter worth approximately $35,000. SRS Capital Advisors Inc. bought a new position in shares of America First Multifamily Investors in the second quarter worth approximately $51,000. AllSquare Wealth Management LLC boosted its position in shares of America First Multifamily Investors by 50.0% in the second quarter. AllSquare Wealth Management LLC now owns 12,000 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 4,000 shares during the period. Finally, Wedbush Securities Inc. boosted its position in shares of America First Multifamily Investors by 23.2% in the second quarter. Wedbush Securities Inc. now owns 15,940 shares of the financial services provider’s stock worth $113,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 9.26% of the company’s stock.

Several analysts recently issued reports on ATAX shares. BidaskClub lowered shares of America First Multifamily Investors from a “hold” rating to a “sell” rating in a research report on Wednesday, November 13th. TheStreet lowered shares of America First Multifamily Investors from a “b” rating to a “c+” rating in a research report on Tuesday, November 19th. Finally, ValuEngine upgraded shares of America First Multifamily Investors from a “strong sell” rating to a “sell” rating in a research report on Friday, November 1st.

NASDAQ ATAX traded up $0.05 during trading hours on Friday, hitting $7.62. 291,872 shares of the company’s stock traded hands, compared to its average volume of 107,528. The business’s fifty day moving average price is $7.59 and its two-hundred day moving average price is $7.44. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $459.31 million, a P/E ratio of 15.73 and a beta of 0.29. America First Multifamily Investors has a 52 week low of $5.40 and a 52 week high of $8.18.

America First Multifamily Investors (NASDAQ:ATAX) last announced its earnings results on Friday, November 1st. The financial services provider reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $14.90 million during the quarter. America First Multifamily Investors had a net margin of 47.47% and a return on equity of 10.41%.

America First Multifamily Investors Company Profile

America First Multifamily Investors, L.P. acquires, holds, sells, and deals in a portfolio of mortgage revenue bonds (MRBs) that are issued to provide construction or permanent financing for multifamily and student housing, and residential and commercial properties. It operates through four segments: Mortgage Revenue Bond Investments, MF Properties, Public housing Capital Fund Trust, and Other Investments.

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