Tremont Mortgage Trust (NASDAQ:TRMT) was the target of a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 59,100 shares, a decline of 18.1% from the May 30th total of 72,200 shares. Currently, 2.0% of the company’s shares are short sold. Based on an average trading volume of 134,000 shares, the short-interest ratio is presently 0.4 days.

Shares of NASDAQ TRMT traded up $0.13 during mid-day trading on Friday, reaching $4.29. The company had a trading volume of 61,924 shares, compared to its average volume of 73,318. The stock’s 50-day moving average price is $4.47. The company has a current ratio of 12.63, a quick ratio of 12.62 and a debt-to-equity ratio of 2.25. Tremont Mortgage Trust has a 52 week low of $3.87 and a 52 week high of $13.80.

Tremont Mortgage Trust (NASDAQ:TRMT) last posted its quarterly earnings results on Tuesday, May 14th. The company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.07. The firm had revenue of $1.45 million for the quarter. Tremont Mortgage Trust had a negative net margin of 1.81% and a negative return on equity of 0.14%.

A number of research firms have recently commented on TRMT. JMP Securities began coverage on shares of Tremont Mortgage Trust in a report on Wednesday. They issued an “outperform” rating and a $6.00 price target on the stock. UBS Group set a €117.00 ($136.05) price target on shares of SAP and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Finally, Citigroup cut their price target on shares of Tremont Mortgage Trust from $9.50 to $5.00 and set a “neutral” rating on the stock in a report on Wednesday, June 5th.

In related news, Director Joseph Morea purchased 10,000 shares of the business’s stock in a transaction dated Friday, May 17th. The shares were purchased at an average cost of $5.23 per share, for a total transaction of $52,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David M. Blackman purchased 5,000 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was bought at an average price of $5.18 per share, for a total transaction of $25,900.00. The disclosure for this purchase can be found here. Insiders own 20.20% of the company’s stock.

Tremont Mortgage Trust Company Profile

Tremont Mortgage Trust, a real estate investment trust (REIT), focuses on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate in the United States. The company qualifies as a REIT for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.

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