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

Sachem Capital Corp. (NYSEAMERICAN:SACH) was the target of a large decrease in short interest in 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 daily trading volume, of 134,051 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the company’s shares are short sold.

Sachem Capital Stock Performance

Sachem Capital stock opened at $1.20 on Wednesday. The firm has a 50 day simple moving average of $1.08 and a 200-day simple moving average of $1.05. Sachem Capital has a 1-year low of $0.90 and a 1-year high of $1.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market cap of $57.55 million, a price-to-earnings ratio of -12.00 and a beta of 1.12.

Sachem Capital (NYSEAMERICAN:SACH) last posted its quarterly earnings results on Wednesday, May 20th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.17). Sachem Capital had a negative net margin of 1.54% and a negative return on equity of 0.39%. The firm had revenue of $5.10 million during the quarter, compared to analysts’ expectations of $9.43 million.

Hedge Funds Weigh In On Sachem Capital

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

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.