The stock of Armour Residential Reit Incorporated (NYSE:ARR) registered an increase of 7.5% in short interest. ARR’s total short interest was 2.87M shares in March as published by FINRA. Its up 7.5% from 2.67M shares, reported previously. With 549,200 shares average volume, it will take short sellers 5 days to cover their ARR’s short positions. The short interest to Armour Residential Reit Incorporated’s float is 7.93%. The stock is down 0.14% or $0.03 after the news, hitting $21.28 per share. About 15,749 shares traded hands. ARMOUR Residential REIT, Inc. (NYSE:ARR) has declined 5.20% since August 14, 2015 and is downtrending. It has underperformed by 3.30% the S&P500.
ARMOUR Residential REIT, Inc. is an externally managed real estate investment trust (REIT). The company has a market cap of $800.90 million. The Firm invests in residential mortgage backed securities. It currently has negative earnings. The Company’s securities portfolio consists primarily of Agency Securities backed by fixed rate home loans.
Out of 7 analysts covering Armour Residential REIT Inc (NYSE:ARR), 1 rate it “Buy”, 4 “Sell”, while 3 “Hold”. This means 13% are positive. Armour Residential REIT Inc was the topic in 8 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Nomura downgraded the stock on February 24 to “Reduce” rating.
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