Bimini Capital Management Inc. (OTCMKTS:BMNM) Sees Large Drop in Short Interest

Bimini Capital Management Inc. (OTCMKTS:BMNM) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 304 shares, a drop of 37.3% from the August 15th total of 485 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 14,373 shares, the days-to-cover ratio is currently 0.0 days.

Bimini Capital Management Stock Up 0.3%

Bimini Capital Management stock opened at $3.35 on Friday. The firm has a market cap of $33.70 million, a price-to-earnings ratio of 5.23 and a beta of 0.20. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.55 and a quick ratio of 0.55. Bimini Capital Management has a fifty-two week low of $0.99 and a fifty-two week high of $3.89. The firm has a fifty day moving average price of $2.89 and a two-hundred day moving average price of $2.80.

Bimini Capital Management (OTCMKTS:BMNM) last released its quarterly earnings results on Thursday, August 6th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter. Bimini Capital Management had a net margin of 30.06% and a return on equity of 52.04%.

Bimini Capital Management Company Profile

Bimini Capital Management, Inc is a specialty finance company that focuses on investments related to the residential mortgage market. Its business has historically centered on agency mortgage-backed securities, which are residential mortgage pass-through securities issued or guaranteed by government-sponsored entities such as Fannie Mae, Freddie Mac and Ginnie Mae.

The company conducts its investment management activities through Bimini Advisors, LLC. Bimini Advisors provides external management services to Orchid Island Capital, Inc, a real estate investment trust that invests in residential mortgage-backed securities.