Annaly Capital Management Inc (NLY): Price Target and June Short Interest Disclosure

Annaly Capital Management Inc (NLY) : The highest short term price target forecast on Annaly Capital Management Inc (NLY) is $12 and the lowest target price is $9. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $10.3 with a standard deviation of $1.26.

Annaly Capital Management Inc (NLY), A increase of 4,227,142 shares or 8.4% was observed in the short interest of Annaly Capital Management The interest on June 30,2016 came in at 54,834,612 shares and as per the average daily trading of 13,087,444 shares, the days to cover are 4. The increased interest is 5.9% of the floated shares. The data of June 15,2016 put the interest at 50,607,470 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.


Annaly Capital Management Inc (NYSE:NLY): On Thursdays trading session , Opening price of the stock was $10.78 with an intraday high of $10.81. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $10.66. However, the stock managed to close at $10.66, a loss of 1.11% for the day. On the previous day, the stock had closed at $10.78. The total traded volume of the day was 10,962,517 shares.

Annaly Capital Management, Inc. is a mortgage real estate investment trust (REIT). The Company uses its capital coupled with borrowed funds to invest in real estate related investments, earning the spread between the yield on its assets and the cost of its borrowings. It owns a portfolio of real estate related investments, including mortgage pass-through certificates, collateralized mortgage obligations (CMOs), Agency callable debentures, other securities representing interests in or obligations backed by pools of mortgage loans, commercial real estate assets and corporate debt. The Companys business operations consist of Annaly (the parent company), Annaly Commercial Real Estate Group, Inc. (ACREG), RCap Securities, Inc., Fixed Income Discount Advisory Company (FIDAC), Annaly Middle Market Lending LLC and Shannon Funding LLC.

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