MCAN Mortgage Co. (OTCMKTS:MAMTF) Short Interest Up 105.6% in May

MCAN Mortgage Co. (OTCMKTS:MAMTF) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 17,636 shares, an increase of 105.6% from the May 14th total of 8,576 shares. Based on an average daily volume of 22 shares, the days-to-cover ratio is presently 801.6 days.

MCAN Mortgage Price Performance

MAMTF stock remained flat at C$17.88 during mid-day trading on Friday. The company’s stock had a trading volume of 200 shares, compared to its average volume of 906. The stock’s 50 day moving average is C$17.64 and its 200 day moving average is C$16.86. MCAN Mortgage has a 12-month low of C$13.93 and a 12-month high of C$18.62.

MCAN Mortgage Company Profile

MCAN Mortgage Corp., trading under the symbol MAMTF on the OTC Markets, is a Toronto-based specialty mortgage lender and a wholly-owned subsidiary of MCAN Financial Group Inc The company focuses on non-prime and self-employed borrowers, providing tailored residential and commercial mortgage solutions across Canada. Headquartered in Ontario, MCAN Mortgage leverages its in-house underwriting expertise and risk management framework to serve a niche market underserved by traditional chartered banks.

The company’s product suite includes purchase and refinance mortgages, equity take-out loans, credit-impaired financing, and term and bridge loans for both single-family residential properties and multi-unit residential or commercial real estate.