Could Sachem Capital Corphares (NYSEAMERICAN:SACH) See a Reversal After More Sellers Came In?

The stock of Sachem Capital Corphares (NYSEAMERICAN:SACH) registered an increase of 115.46% in short interest. SACH’s total short interest was 41,800 shares in May as published by FINRA. Its up 115.46% from 19,400 shares, reported previously. With 48,500 shares average volume, it will take short sellers 1 days to cover their SACH’s short positions.

The stock increased 1.00% or $0.0443 during the last trading session, reaching $4.4743. About 29,846 shares traded. Sachem Capital Corp. (NYSEAMERICAN:SACH) has risen 30.38% since May 8, 2018 and is uptrending. It has outperformed by 26.01% the S&P500.

Sachem Capital Corp. operates as a real estate finance company. The company has market cap of $71.37 million. The firm engages in originating, underwriting, funding, servicing, and managing a portfolio of short-term loans secured by first mortgage liens on real property located primarily in Connecticut. It has a 8.95 P/E ratio. It offers loans to real estate investors to fund their acquisition, renovation, development, rehabilitation, or improvement of properties.

More notable recent Sachem Capital Corp. (NYSEAMERICAN:SACH) news were published by: Businesswire.com which released: “Sachem Capital Reports 67.4% Increase in Revenue and 59.9% Increase in Net Income for 2018 – Business Wire” on April 01, 2019, also Businesswire.com with their article: “Sachem Capital Corp. Announces Record Fourth Quarter Dividend of $0.17 Per Share – Business Wire” published on December 20, 2018, Finance.Yahoo.com published: “International Tower Hill Mines Files 2019 First Quarter Financial Results – Yahoo Finance” on May 08, 2019. More interesting news about Sachem Capital Corp. (NYSEAMERICAN:SACH) were released by: Businesswire.com and their article: “Sachem Capital Reports 57% Increase in Revenue and 49% Increase in Net Income for the Third Quarter of 2018 – Business Wire” published on November 13, 2018 as well as Businesswire.com‘s news article titled: “Sachem Capital Corp. Announces First Quarter Dividend of $0.12 Per Share – Business Wire” with publication date: April 01, 2019.

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