Ellington Credit Company (NYSE:EARN) Short Interest Up 71.0% in July

Posted by Brenda Bartman on Aug 17th, 2026

Ellington Credit Company (NYSE:EARN – Get Free Report) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 1,252,174 shares, a growth of 71.0% from the July 15th total of 732,223 shares. Based on an average trading volume of 463,252 shares, the short-interest ratio is currently 2.7 days. Currently, 3.4% of the shares of the stock are short sold.

Ellington Credit Price Performance

Shares of EARN stock traded up $0.01 during mid-day trading on Monday, hitting $4.41. The company had a trading volume of 355,307 shares, compared to its average volume of 440,113. The stock’s 50 day moving average price is $4.43 and its 200-day moving average price is $4.68. Ellington Credit has a 52-week low of $4.25 and a 52-week high of $5.89. The company has a market capitalization of $165.73 million, a P/E ratio of -4.50 and a beta of 1.28.

Ellington Credit (NYSE:EARN – Get Free Report) last posted its earnings results on Wednesday, August 12th. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.05). The company had revenue of $6.08 million for the quarter, compared to the consensus estimate of $10.57 million.

Ellington Credit Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be issued a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 21.8%. The ex-dividend date of this dividend is Monday, August 31st. Ellington Credit’s dividend payout ratio is -97.96%.

Institutional Investors Weigh In On Ellington Credit

Several large investors have recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in shares of Ellington Credit in the fourth quarter worth about $57,000. McIlrath & Eck LLC grew its holdings in Ellington Credit by 122.4% during the 1st quarter. McIlrath & Eck LLC now owns 10,969 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 6,038 shares in the last quarter. Quadrature Capital Ltd bought a new stake in Ellington Credit in the 4th quarter worth approximately $75,000. Engineers Gate Manager LP bought a new stake in Ellington Credit in the 2nd quarter worth approximately $83,000. Finally, World Investment Advisors purchased a new stake in shares of Ellington Credit during the 4th quarter worth approximately $115,000. 20.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler dropped their price objective on Ellington Credit from $5.25 to $5.00 and set an “overweight” rating for the company in a research note on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $5.50.

Check Out Our Latest Stock Analysis on EARN

About Ellington Credit

(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.