Sachem Capital Corp. (NYSEAMERICAN:SACH – Get Free Report) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 337,521 shares, an increase of 54.2% from the August 31st total of 218,847 shares. Based on an average daily trading volume, of 236,319 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.7% of the shares of the company are short sold.
Sachem Capital Stock Performance
SACH stock opened at $0.91 on Friday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.01. The firm has a market cap of $43.64 million, a PE ratio of -3.50 and a beta of 1.28. The business has a 50 day moving average of $0.87 and a 200-day moving average of $0.97. Sachem Capital has a 12-month low of $0.76 and a 12-month high of $1.45.
Sachem Capital (NYSEAMERICAN:SACH – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($0.14) EPS for the quarter. The business had revenue of $3.03 million for the quarter, compared to the consensus estimate of $11.19 million. Sachem Capital had a negative return on equity of 4.70% and a negative net margin of 18.74%.
Sachem Capital Dividend Announcement
Hedge Funds Weigh In On Sachem Capital
Several institutional investors have recently added to or reduced their stakes in SACH. Melia Wealth LLC bought a new stake in Sachem Capital in the second quarter worth about $2,642,000. BlackRock Inc. purchased a new stake in shares of Sachem Capital during the 2nd quarter worth approximately $547,000. Renaissance Technologies LLC increased its stake in shares of Sachem Capital by 227.3% during the 1st quarter. Renaissance Technologies LLC now owns 150,109 shares of the company’s stock worth $152,000 after purchasing an additional 104,247 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Sachem Capital in the 2nd quarter worth approximately $39,000. Finally, Napier Financial LLC bought a new stake in shares of Sachem Capital in the 4th quarter worth approximately $38,000. Institutional investors own 18.07% of the company’s stock.
Sachem Capital Company Profile
Sachem Capital Corp. (NYSE American: SACH) is a real estate finance company organized as a mortgage real estate investment trust. The company originates, underwrites, funds and services short-term mortgage loans secured primarily by first mortgage liens on residential and commercial real estate.
Its lending activities are focused on real estate investors, developers and other property owners seeking financing for acquisitions, renovations, construction, refinancing and other property-related purposes.
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