Short Interest Update on Redwood Trust (RWT)

Redwood Trust (RWT) : The traders have covered their outstanding shorts in Redwood Trust (RWT) to the tune of -112,046 shares, a change of -7%. As on Jul 29, 2016, the outstanding shorts on the stock were 1,592,761 shares, however, by August 15, 2016, the shorts had reduced to 1,480,715 shares. The covering shows that the traders dont believe that a large downside exists in the stock from current levels. The open short positions equal 2% of the free float of the stock. It takes 4 days to cover the outstanding short positions. The stock has an average daily volume of 369,754 shares. The short interest information was released on Wednesday Aug 24th after the market close.

Redwood Trust (NYSE:RWT): The stock opened at $14.60 on Wednesday but the bulls could not build on the opening and the stock topped out at $14.67 for the day. The stock traded down to $14.50 during the day, due to lack of any buying support eventually closed down at $14.56 with a loss of -0.07% for the day. The stock had closed at $14.57 on the previous day. The total traded volume was 219,811 shares.


In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Redwood Trust Inc, Byerwalter Mariann H had sold 9,759 shares worth of $129,502 in a transaction dated May 16, 2016. In this transaction, 9,759 shares were sold at $13.27 per share.

Redwood Trust, Inc. (Redwood) is a real estate investment trust (REIT). The company focuses on investing in mortgage and other real estate-related assets. The Company is engaged in residential and commercial mortgage banking activities. It invests in real estate-related assets that generate income through the Companys residential and commercial mortgage banking activities. It operates in three segments: residential mortgage banking, residential investments, and commercial mortgage banking and investments. Its residential mortgage banking segment consists of operating a mortgage loan conduit that acquires residential whole loans from third-party originators for sale, securitization or transfer to its investment portfolio. Its residential investments segment includes investments in residential mortgage-backed securities. Its commercial mortgage banking and investments segment consists of commercial mortgage banking operations and its portfolio of commercial real estate loans.

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