Monitoring Ellington Financial Inc (EFC) after recent insider movements

Ellington Financial Inc’s filing revealed that its Director Mumford Lisa unloaded Company’s shares for reported $0.28 million on Dec 14. In the deal valued at $13.06 per share,21,180 shares were sold. As a result of this transaction, Mumford Lisa now holds 63,540 shares worth roughly $0.76 million.

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UBS initiated its Ellington Financial Inc [EFC] rating to a Neutral in a research note published on December 06, 2023; the price target was $13.50.

Price Performance Review of EFC

On Friday, Ellington Financial Inc [NYSE:EFC] saw its stock jump 0.08% to $12.00. Over the last five days, the stock has lost -2.60%. Ellington Financial Inc shares have fallen nearly -5.59% since the year began. Nevertheless, the stocks have fallen -12.92% over the past one year. While a 52-week high of $14.21 was reached on 01/24/24, a 52-week low of $10.81 was recorded on 02/08/24. SMA at 50 days reached $12.70, while 200 days put it at $12.90. A total of 1.1 million shares were traded, compared to the trading of 1.44 million shares in the previous session.

Levels Of Support And Resistance For EFC Stock

The 24-hour chart illustrates a support level at 11.91, which if violated will result in even more drops to 11.82. On the upside, there is a resistance level at 12.07. A further resistance level may holdings at 12.14. The Relative Strength Index (RSI) on the 14-day chart is 37.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.55%. Stochastics %K at 20.83% indicates the stock is a holding.

How much short interest is there in Ellington Financial Inc?

A steep rise in short interest was recorded in Ellington Financial Inc stocks on Jan 31, 2024, growing by 0.25 million shares to a total of 3.02 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 2.77 million shares. There was a rise of 8.28%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.44% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.64.

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