MCAN Mortgage Co. (OTCMKTS:MAMTF) Sees Large Increase in Short Interest

MCAN Mortgage Co. (OTCMKTS:MAMTFGet Free Report) saw a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 105,771 shares, a growth of 114.6% from the July 30th total of 49,289 shares. Based on an average trading volume of 4,052 shares, the days-to-cover ratio is currently 26.1 days.

MCAN Mortgage Price Performance

OTCMKTS MAMTF opened at C$16.95 on Monday. The stock has a 50-day moving average of C$17.75 and a two-hundred day moving average of C$17.52. MCAN Mortgage has a 1-year low of C$14.62 and a 1-year high of C$18.64.

About MCAN Mortgage

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MCAN Mortgage Corp., trading under the symbol MAMTF on the OTC Markets, is a Toronto-based specialty mortgage lender and a wholly-owned subsidiary of MCAN Financial Group Inc The company focuses on non-prime and self-employed borrowers, providing tailored residential and commercial mortgage solutions across Canada. Headquartered in Ontario, MCAN Mortgage leverages its in-house underwriting expertise and risk management framework to serve a niche market underserved by traditional chartered banks.

The company’s product suite includes purchase and refinance mortgages, equity take-out loans, credit-impaired financing, and term and bridge loans for both single-family residential properties and multi-unit residential or commercial real estate.

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