Two Harbors Investment Corp. (NYSE:TWO) Short Interest Up 50.8% in May

Two Harbors Investment Corp. (NYSE:TWO - Get Free Report) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 5,400,000 shares, an increase of 50.8% from the April 30th total of 3,580,000 shares. Based on an average daily volume of 1,580,000 shares, the short-interest ratio is presently 3.4 days. Currently, 5.3% of the company's stock are short sold.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Barclays PLC boosted its stake in Two Harbors Investment by 346.0% during the 3rd quarter. Barclays PLC now owns 172,557 shares of the real estate investment trust's stock worth $2,395,000 after purchasing an additional 133,869 shares during the period. KBC Group NV boosted its stake in Two Harbors Investment by 86.5% during the 4th quarter. KBC Group NV now owns 6,635 shares of the real estate investment trust's stock worth $78,000 after purchasing an additional 3,077 shares during the period. Legacy Financial Strategies LLC boosted its stake in Two Harbors Investment by 42.0% during the 4th quarter. Legacy Financial Strategies LLC now owns 16,900 shares of the real estate investment trust's stock worth $203,000 after purchasing an additional 5,000 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Two Harbors Investment by 1.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 5,350,945 shares of the real estate investment trust's stock worth $64,158,000 after purchasing an additional 69,725 shares during the period. Finally, Van ECK Associates Corp boosted its stake in Two Harbors Investment by 20.2% during the 4th quarter. Van ECK Associates Corp now owns 893,014 shares of the real estate investment trust's stock worth $10,564,000 after purchasing an additional 149,870 shares during the period. Institutional investors and hedge funds own 64.19% of the company's stock.

Two Harbors Investment Stock Up 0.6%

Shares of Two Harbors Investment stock traded up $0.07 during trading hours on Thursday, hitting $10.64. The company had a trading volume of 1,209,542 shares, compared to its average volume of 1,274,354. The company's 50-day moving average is $11.49 and its two-hundred day moving average is $12.16. Two Harbors Investment has a twelve month low of $10.16 and a twelve month high of $14.28. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.09 and a quick ratio of 1.07. The company has a market cap of $1.11 billion, a P/E ratio of 5.04 and a beta of 1.33.

Two Harbors Investment (NYSE:TWO - Get Free Report) last issued its earnings results on Monday, April 28th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.04). Two Harbors Investment had a net margin of 66.24% and a return on equity of 6.52%. The company had revenue of ($20.33) million during the quarter, compared to analyst estimates of ($28.53) million. Analysts anticipate that Two Harbors Investment will post 0.81 earnings per share for the current fiscal year.

Two Harbors Investment Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 29th. Stockholders of record on Friday, April 4th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 16.93%. The ex-dividend date was Friday, April 4th. Two Harbors Investment's payout ratio is -352.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. JMP Securities dropped their price objective on shares of Two Harbors Investment from $14.00 to $13.50 and set a "market outperform" rating on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. dropped their price objective on shares of Two Harbors Investment from $12.50 to $10.50 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Royal Bank of Canada dropped their price objective on shares of Two Harbors Investment from $13.00 to $12.00 and set a "sector perform" rating on the stock in a research report on Wednesday, May 28th. Wall Street Zen downgraded shares of Two Harbors Investment from a "hold" rating to a "sell" rating in a research report on Wednesday, April 30th. Finally, UBS Group increased their price objective on shares of Two Harbors Investment from $12.00 to $13.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $13.14.

Two Harbors Investment Company Profile

Two Harbors Investment Corp. invests in, finances, and manages mortgage servicing rights (MSRs), agency residential mortgage-backed securities (RMBS), and other financial assets through RoundPoint in the United States. The company target assets include agency RMBS collateralized by fixed rate mortgage loans, adjustable rate mortgage loans, hybrid mortgage loans, or derivatives; and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.