Ellington Financial Inc (EFC) stock has fallen 5.60% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
Ellington Financial Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on EFC!
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With EFC Stock Today?
Ellington Financial Inc (EFC) stock is trading at $11.47 as of 10:15 AM on Monday, Oct 3, an increase of $0.10, or 0.88% from the previous closing price of $11.37. The stock has traded between $10.81 and $11.48 so far today. Volume today is light. So far 188,068 shares have traded compared to average volume of 548,604 shares.
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More About Ellington Financial Inc
Ellington Financial Inc is a specialty finance company. Its primary investment objective is to generate attractive, risk-adjusted total returns for its shareholders by making investments. The company focuses on investing residential mortgage-backed securities guaranteed by U.S. government agency or a U.S. government-sponsored entity, Alternative A-paper, subprime residential mortgage loans, mortgage servicing rights, mortgage-related derivatives, commercial mortgage-backed securities and other commercial real estate debt. It also invests in corporate debt and equity securities, collateralized loan obligations, consumer loans and asset-backed securities. Revenue generated by the company consists of interest income.
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