Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Sees Significant Short-Term Interest Growth

Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) saw strong short-term interest growth in January. As of January 15, there were short interests totaling 21,800 shares, a growth of 78.7% from the total of 12,200 shares as of December 31. Based on an average daily trading volume of 45,000 shares, the short-term interest rate ratio is currently 0.5 days. Approximately 0.3% of the company’s shares are sold short.

Several institutional investors have recently increased or reduced their stake in LOAN. Intelligence Driven Advisers LLC increased its position in Manhattan Bridge Capital shares by 352.6% during the 4th quarter. Intelligence Driven Advisers LLC now owns 1,156,366 shares of the credit service provider worth $1,156,000 after purchasing an additional 900,861 shares in the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new equity stake from Manhattan Bridge Capital during Q3 for $50,000. Schneider Downs Wealth Management Advisors LP purchased a new equity stake in Manhattan Bridge Capital during Q3 for $330,000. PDS Planning Inc purchased a new equity stake from Manhattan Bridge Capital during Q3 for $223,000. Finally, Shufro Rose & Co. LLC increased its position in Manhattan Bridge Capital shares by 28.1% during the third quarter. Shufro Rose & Co. LLC now owns 142,344 shares of the credit service provider worth $968,000 after buying 31,219 additional shares in the last quarter. 15.86% of the shares are held by institutional investors and hedge funds.

LOAN shares traded at $0.02 during midday trading on Friday, reaching $5.36. The company’s stock had a trading volume of 19,027 shares, compared to an average volume of 30,936. Manhattan Bridge Capital has a 52-week low of $4.89 and a 52-week high of $8.05. The company has a market capitalization of $61.61 million, a P/E ratio of 12.47 and a beta of 0.60. The company has a 50-day simple moving average of $5.73 and a 200-day simple moving average of $6.15.

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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 18. Shareholders of record on Friday, December 31 received a dividend of $0.125 per share. The ex-dividend date was Thursday, December 30. This represents an annualized dividend of $0.50 and a dividend yield of 9.33%. Manhattan Bridge Capital’s dividend payout ratio (DPR) is currently 116.28%.

Manhattan Bridge Capital Company Profile

Manhattan Bridge Capital, Inc. engages in the origination, servicing and management of a portfolio of prime mortgage loans. It provides short-term, secured, non-bank loans to real estate investors to finance their acquisition and construction of properties located in the New York metropolitan area. The company was founded by Assaf N.

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