MMA Capital Holdings Inc (NASDAQ:MMAC) Sees Large Drop in Short Interest

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MMA Capital Holdings Inc (NASDAQ:MMAC) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 12,900 shares, a decrease of 26.7% from the January 15th total of 17,600 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 11,400 shares, the days-to-cover ratio is currently 1.1 days.

Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in MMA Capital during the 2nd quarter worth approximately $474,000. Northern Trust Corp acquired a new position in MMA Capital during the 2nd quarter worth approximately $260,000. BlackRock Inc. lifted its position in MMA Capital by 1,682.5% during the 2nd quarter. BlackRock Inc. now owns 198,932 shares of the financial services provider’s stock worth $6,658,000 after acquiring an additional 187,772 shares in the last quarter. Vanguard Group Inc. lifted its position in MMA Capital by 21.5% during the 2nd quarter. Vanguard Group Inc. now owns 145,428 shares of the financial services provider’s stock worth $4,867,000 after acquiring an additional 25,737 shares in the last quarter. Finally, Bowling Portfolio Management LLC acquired a new position in MMA Capital during the 3rd quarter worth approximately $668,000. 21.05% of the stock is currently owned by institutional investors.

Shares of MMA Capital stock traded down $0.17 during trading on Friday, hitting $32.23. The stock had a trading volume of 9,808 shares, compared to its average volume of 10,068. The company has a current ratio of 38.76, a quick ratio of 6.30 and a debt-to-equity ratio of 0.69. The business has a fifty day moving average of $31.38 and a two-hundred day moving average of $31.01. MMA Capital has a fifty-two week low of $28.05 and a fifty-two week high of $35.50.

MMAC has been the subject of several research analyst reports. ValuEngine upgraded MMA Capital from a “sell” rating to a “hold” rating in a report on Friday, November 1st. TheStreet upgraded MMA Capital from a “c+” rating to a “b” rating in a report on Wednesday, February 5th.

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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