MMA Capital Holdings Inc (NASDAQ:MMAC) was the target of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 80,200 shares, an increase of 13.3% from the July 15th total of 70,800 shares. Based on an average trading volume of 21,400 shares, the short-interest ratio is currently 3.7 days. Approximately 1.8% of the company’s shares are short sold.
Several large investors have recently made changes to their positions in MMAC. Tower Research Capital LLC TRC purchased a new stake in MMA Capital in the second quarter worth $34,000. Griffin Asset Management Inc. purchased a new position in shares of MMA Capital during the 2nd quarter valued at $36,000. Strs Ohio bought a new position in MMA Capital in the 2nd quarter worth $43,000. Creative Financial Designs Inc. ADV purchased a new stake in MMA Capital in the 2nd quarter worth $65,000. Finally, Northern Trust Corp purchased a new stake in MMA Capital in the 2nd quarter worth $260,000. 18.21% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:MMAC traded up $0.05 during midday trading on Wednesday, hitting $29.15. 12,372 shares of the stock traded hands, compared to its average volume of 6,908. The company has a quick ratio of 4.01, a current ratio of 28.76 and a debt-to-equity ratio of 0.50. MMA Capital has a one year low of $20.02 and a one year high of $35.50. The business’s 50 day moving average is $30.15 and its two-hundred day moving average is $31.35. The stock has a market capitalization of $169.54 million, a PE ratio of 13.21 and a beta of 0.61.
About MMA Capital
MMA Capital Holdings, Inc invests in debt associated with renewable energy infrastructure and real estate sectors. Its energy capital portfolio invests in loans that finance renewable energy projects in North America. The company was formerly known as MMA Capital Management, LLC and changed its name to MMA Capital Holdings, Inc in January 2019.
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