Western Asset Mortgage Capital Corporation (WMC) Social Stream
Featured Post From StockTwits About WMC
$WMC Well, I think we all knew a correction was coming for these REITS sooner than later b/c the last two weeks have been awesome, lol. I will say that my current short term expectation after this run has always been that WMC finds a new base support around 3.75 or above. Slow progress is still progress and I like the fact prior to the run, that WMC was slowly create up 1 cent at a time. Just feels like we were building positive momentum with a solid base........versus trying to figure out what's being pump and what's simply a falling knife. Bull LONG!!JBr0, published June 11, 2021
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Other Notable StockTweets About WMC
$WMC not quite an $AMC day, but my WMC accounts are liking today’s action 😎. Account 1 loaded fairly heavy 😂. I’ve got a few hundred thousand additional shares in my other accounts 🤠. Still HODL. The shorties haven’t even started covering this yet. 8 day short to cover position. 8 days! Funny thing is, the large short position is just a bonus for this stock. No one is even here for the short position like $GME, etc. Investors here have come for the divis and potential for recovery from the large COVID beat down. Once the institutional shorts start covering, Western Ass will get get a nice additional pop. Higher share price. Higher divis on the way. Oh yeah 😎reddskin, published May 26, 2021
$WMC Looking like a nice short squeeze candidate. Since hitting a recent high of $3.57 on March 15, short interest in WMC has increased by nearly 28%. Current days to cover for WMC is a whopping 8 days according to FINTEL Short Interest (Official NYSE Data). 8 days! Despite heavy shorting over the past 2 months, the price of WMC has only dropped 11% (and that includes the recent overall market tank). No legit reason for this large shorting to be happening over the past month. Recent ER exceeded expectations. DIVI has been going up and is expected to rise again with the last good ER. California, NY, and NJ economies are finally reopening from COVID restrictions which is great for WMC property holdings. The Constance Hotel property has moved from CH11 to CH7 which will allow WMC to recover on its investment there. Nothing but good things in the immediate future. If word on WMC short position gets out, could see a short squeeze like $GME $AMC experienced (though not that big)reddskin, published May 17, 2021