Ellington Financial Inc’s recent filing unveils that its Co-Chief Investment Officer Vranos Michael W unloaded Company’s shares for reported $0.18 million on Oct 15 ’24. In the deal valued at $12.58 per share,14,361 shares were sold. As a result of this transaction, Vranos Michael W now holds 153,998 shares worth roughly $1.89 million.
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Then, Vranos Michael W sold 14,000 shares, generating $174,706 in total proceeds. Upon selling the shares at $12.48, the Co-Chief Investment Officer now owns 168,359 shares.
Before that, Vranos Michael W sold 5,900 shares. Ellington Financial Inc shares valued at $71,508 were divested by the Co-Chief Investment Officer at a price of $12.12 per share. As a result of the transaction, Vranos Michael W now holds 179,655 shares, worth roughly $2.2 million.
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. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Keefe Bruyette also remained covering EFC and has increased its forecast on May 15, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. Credit Suisse revised its rating on January 09, 2023. It rated EFC as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of EFC
On Monday, Ellington Financial Inc [NYSE:EFC] saw its stock jump 0.49% to $12.26. Over the last five days, the stock has lost -1.05%. Ellington Financial Inc shares have fallen nearly -3.54% since the year began. Nevertheless, the stocks have fallen -5.26% over the past one year. While a 52-week high of $13.46 was reached on 08/26/24, a 52-week low of $10.88 was recorded on 04/16/24. SMA at 50 days reached $12.63, while 200 days put it at $12.23.
Levels Of Support And Resistance For EFC Stock
The 24-hour chart illustrates a support level at 12.14, which if violated will result in even more drops to 12.02. On the upside, there is a resistance level at 12.36. A further resistance level may holdings at 12.46. The Relative Strength Index (RSI) on the 14-day chart is 44.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.25%. Stochastics %K at 47.62% 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 2024-10-31, growing by 0.42 million shares to a total of 4.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.51 million shares. There was a rise of 8.51%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 20, 2022 when Maxim Group resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $15.50.
