Ellington Credit Company (NYSE:EARN) Short Interest Update

Posted by Stanley Muller on May 20th, 2026

Ellington Credit Company (NYSE:EARN – Get Free Report) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,625,425 shares, an increase of 75.8% from the April 15th total of 924,751 shares. Based on an average daily volume of 482,229 shares, the short-interest ratio is presently 3.4 days. Approximately 4.4% of the company’s shares are sold short.

Ellington Credit Price Performance

Shares of NYSE:EARN opened at $4.65 on Wednesday. Ellington Credit has a 1 year low of $4.27 and a 1 year high of $6.08. The company has a market cap of $174.56 million, a PE ratio of -11.33 and a beta of 1.27. The stock’s 50-day moving average is $4.61 and its 200 day moving average is $5.04.

Ellington Credit (NYSE:EARN – Get Free Report) last announced its quarterly earnings results on Tuesday, May 19th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.03). Ellington Credit had a negative net margin of 34.31% and a positive return on equity of 16.47%.

Ellington Credit Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.08 per share. The ex-dividend date is Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 20.7%. Ellington Credit’s dividend payout ratio is -234.15%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC grew its holdings in shares of Ellington Credit by 70.8% during the 4th quarter. Jane Street Group LLC now owns 135,107 shares of the real estate investment trust’s stock worth $712,000 after acquiring an additional 56,012 shares during the period. Millennium Management LLC grew its holdings in shares of Ellington Credit by 485.8% during the 1st quarter. Millennium Management LLC now owns 932,326 shares of the real estate investment trust’s stock worth $5,044,000 after acquiring an additional 773,169 shares during the period. Clear Harbor Asset Management LLC grew its holdings in shares of Ellington Credit by 7.3% during the 4th quarter. Clear Harbor Asset Management LLC now owns 347,635 shares of the real estate investment trust’s stock worth $1,832,000 after acquiring an additional 23,775 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Ellington Credit by 56.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 126,864 shares of the real estate investment trust’s stock worth $686,000 after acquiring an additional 45,845 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in shares of Ellington Credit by 60.3% during the 2nd quarter. Osaic Holdings Inc. now owns 104,689 shares of the real estate investment trust’s stock worth $602,000 after acquiring an additional 39,392 shares during the period. Hedge funds and other institutional investors own 20.40% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on EARN shares. Piper Sandler reduced their price target on Ellington Credit from $6.00 to $5.50 and set an “overweight” rating on the stock in a report on Friday, March 6th. Wall Street Zen upgraded Ellington Credit from a “sell” rating to a “hold” rating in a report on Saturday, April 4th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $5.75.

Get Our Latest Stock Analysis on Ellington Credit

Ellington Credit Company Profile

(Get Free Report)

Ellington Credit Income Fund (NYSE: EARN) is a closed-end management investment company that seeks to generate current income through a diversified portfolio of mortgage- and asset-backed securities. The fund primarily invests in residential mortgage-backed securities (RMBS) and asset-backed securities (ABS), with additional exposure to commercial mortgage-backed securities (CMBS) and related structured credit instruments. To enhance income and manage risk, the fund employs leverage and derivative strategies such as interest rate swaps and credit default swaps, allowing it to adjust duration and credit exposure dynamically.

The fund is externally managed and advised by Ellington Management Group, LLC, an established investment firm specializing in mortgage credit and structured products.