Short Interest in Sachem Capital Corp. (NYSEAMERICAN:SACH) Decreases By 38.4%

Sachem Capital Corp. (NYSEAMERICAN:SACH) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 139,702 shares, a decrease of 38.4% from the April 30th total of 226,949 shares. Based on an average trading volume of 134,051 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Investors Weigh In On Sachem Capital

Hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC acquired a new stake in Sachem Capital during the 3rd quarter worth approximately $37,000. Napier Financial LLC acquired a new stake in Sachem Capital during the 4th quarter worth approximately $38,000. Renaissance Technologies LLC lifted its holdings in Sachem Capital by 91.1% during the 4th quarter. Renaissance Technologies LLC now owns 45,862 shares of the company’s stock worth $48,000 after buying an additional 21,862 shares in the last quarter. Jane Street Group LLC lifted its holdings in Sachem Capital by 193.8% during the 1st quarter. Jane Street Group LLC now owns 47,393 shares of the company’s stock worth $55,000 after buying an additional 31,260 shares in the last quarter. Finally, Susquehanna International Group LLP lifted its holdings in Sachem Capital by 12.3% during the 3rd quarter. Susquehanna International Group LLP now owns 133,614 shares of the company’s stock worth $148,000 after buying an additional 14,619 shares in the last quarter. 18.07% of the stock is currently owned by institutional investors and hedge funds.

Sachem Capital Stock Performance

Shares of SACH stock opened at $1.20 on Wednesday. The firm’s 50 day moving average price is $1.08 and its 200-day moving average price is $1.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.46 and a current ratio of 1.46. Sachem Capital has a one year low of $0.90 and a one year high of $1.45. The firm has a market cap of $57.55 million, a P/E ratio of -12.00 and a beta of 1.12.

Sachem Capital (NYSEAMERICAN:SACH) last issued its quarterly earnings data on Wednesday, May 20th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.17). Sachem Capital had a negative return on equity of 0.39% and a negative net margin of 1.54%.The company had revenue of $5.10 million during the quarter, compared to analyst estimates of $9.43 million.

About Sachem Capital

Sachem Capital Corp (NYSEAMERICAN:SACH) is an externally managed, non-diversified closed-end management investment trust that seeks to provide shareholders with current income and long-term capital appreciation. The trust is managed by Sachem Capital Management, L.P., an affiliate of Sachem Wealth Management, and its shares trade on the NYSE American exchange.

The trust’s investment strategy focuses on a diversified portfolio of senior secured debt obligations, including first and second lien loans, mezzanine loans, high-yield bonds and preferred equity.