DX short interest surges, indicating growing pessimism among investors


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Dynex Capital Inc. shares valued at $97,280 were purchased by COLLIGAN ROBERT S on Mar 14. At $12.16 per share, COLLIGAN ROBERT S acquired 8,000 shares. The insider’s holdings grew to 40,416 shares worth approximately $0.43 million following the completion of this transaction.

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Also, BOSTON BYRON L purchased 2,500 shares, netting a total of over 29,025 in proceeds. Following the buying of shares at $11.61 each, the insider now holds 402,634 shares.

Before that, BOSTON BYRON L had added 12,000 shares to its account. In a trade valued at $130,998, the CEO and Co-CIO bought Dynex Capital Inc. shares for $10.92 each. Upon closing the transaction, the insider’s holdings increased to 12,000 shares, worth approximately $4.22 million.

Analyzing DX Stock Performance

On Thursday, Dynex Capital Inc. [NYSE: DX] plunged -2.50% to $10.55. The stock’s lowest price that day was $10.39, but it reached a high of $10.75 in the same session. During the last five days, there has been a drop of approximately -5.21%. Over the course of the year, Dynex Capital Inc. shares have dropped approximately -17.06%. Shares of the company reached a 52-week high of $15.00 on 01/27/23 and a 52-week low of $10.39 on 05/25/23. A 50-day SMA is recorded $11.52, while a 200-day SMA reached $13.01. Nevertheless, trading volume fell to 1.84 million shares from 0.9 million shares the previous day.

Support And Resistance Levels for Dynex Capital Inc. (DX)

According to the 24-hour chart, there is a support level at 10.38, which, if violated, would cause prices to drop to 10.20. In the upper region, resistance lies at 10.74. The next price resistance is at 10.92. RSI (Relative Strength Index) is 33.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 81.40%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Dynex Capital Inc. subject to short interest?

Stocks of Dynex Capital Inc. saw a sharp rise in short interest on May 14, 2023 jumping by 0.68 million shares to 2.8 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 2.12 million shares. A jump of 24.29% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.53 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.53.

Which companies own the most shares of Dynex Capital Inc. (DX)?

According to BlackRock Fund Advisors filings, the company currently owns 4,317,397 shares, which is about 8.02% of the total DX shares outstanding. The investor’s shares have appreciated by 277,900 from its previous 13-F filing of 4039497.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $33,246,343. Balyasny Asset Management LP reduced a -35.54% interest valued at $16.99 million while Victory Capital Management, Inc. purchased a 1,294,268 stake. A total of 209,949 shares of Dynex Capital Inc. were bought by SSgA Funds Management, Inc. during the quarter, and 1,073,580 were bought by Schonfeld Strategic Advisors LLC. In its current portfolio, Geode Capital Management LLC holds 1,003,239 shares valued at $11.9 million.

In terms of Dynex Capital Inc. share price expectations, FactSet research, analysts set an average price target of $14.00 in the next 12 months, up nearly 24.77% from the previous closing price of $10.82. Analysts anticipate Dynex Capital Inc. stock to reach $15.00 by 2023, with the lowest price target being $13.50. In spite of this, 4 analysts ranked Dynex Capital Inc. stock as an Overweight at the end of 2023.


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