Short interest on NLY sees a significant decrease on Jan 11, 2024

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. Annaly Capital Management Inc shares valued at $852,000 were sold by Finkelstein David L on Nov 06. At $17.04 per share, Finkelstein David L sold 50,000 shares. The insider’s holdings dropped to 545,259 shares worth approximately $10.46 million following the completion of this transaction.

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Analyzing NLY Stock Performance

During the last five days, there has been a drop of approximately -1.34%. Over the course of the year, Annaly Capital Management Inc shares have dropped approximately -0.93%. Shares of the company reached a 52-week high of $20.02 on 01/12/24 and a 52-week low of $18.58 on 01/05/24. A 50-day SMA is recorded $19.06, while a 200-day SMA reached $19.08. Nevertheless, trading volume fell to 5.48 million shares from 3.92 million shares the previous day.

Support And Resistance Levels for Annaly Capital Management Inc (NLY)

According to the 24-hour chart, there is a support level at 18.92, which, if violated, would cause prices to drop to 18.66. In the upper region, resistance lies at 19.68. The next price resistance is at 20.17. RSI (Relative Strength Index) is 47.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.13, which suggests the price will decrease in the coming days. Percent R is at 72.81%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Annaly Capital Management Inc subject to short interest?

Stocks of Annaly Capital Management Inc saw a sharp steep in short interest on Jan 11, 2024 dropping by -3.86 million shares to 7.52 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2023 was 11.38 million shares. A decline of -51.33% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.57 of the overall float, the days-to-cover ratio (short ratio) decline to 1.57.

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