MMA Capital Holdings Inc (NASDAQ:MMAC) Sees Significant Increase in Short Interest

MMA Capital Holdings Inc (NASDAQ:MMAC) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 80,200 shares, an increase of 13.3% from the June 30th total of 70,800 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily volume of 21,400 shares, the days-to-cover ratio is currently 3.7 days.

Several hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in shares of MMA Capital by 17.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 47,756 shares of the financial services provider’s stock worth $1,203,000 after buying an additional 7,169 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of MMA Capital during the second quarter worth approximately $474,000. Charles Schwab Investment Management Inc. acquired a new position in shares of MMA Capital during the second quarter worth approximately $391,000. Northern Trust Corp acquired a new position in shares of MMA Capital during the second quarter worth approximately $260,000. Finally, Creative Financial Designs Inc. ADV acquired a new position in shares of MMA Capital during the second quarter worth approximately $65,000. Institutional investors own 11.98% of the company’s stock.

Shares of MMAC stock traded up $0.17 during trading hours on Tuesday, reaching $30.01. 4,600 shares of the company’s stock were exchanged, compared to its average volume of 14,395. MMA Capital has a fifty-two week low of $20.02 and a fifty-two week high of $35.50. The business’s fifty day simple moving average is $31.96. The company has a quick ratio of 9.49, a current ratio of 28.03 and a debt-to-equity ratio of 0.66.

MMA Capital (NASDAQ:MMAC) last issued its quarterly earnings results on Friday, May 10th. The financial services provider reported $0.49 EPS for the quarter. MMA Capital had a return on equity of 25.22% and a net margin of 116.09%. The company had revenue of $4.07 million during the quarter.

About MMA Capital

MMA Capital Holdings, Inc invests in debt associated with renewable energy infrastructure and real estate sectors. Its energy capital portfolio invests in loans that finance renewable energy projects in North America. The company was formerly known as MMA Capital Management, LLC and changed its name to MMA Capital Holdings, Inc in January 2019.

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