CHMI to be acquired by MITT in $110 million deal

TPG Mortgage Investment Trust (NYSE: MITT) announced an agreement to acquire Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) for approximately $110 million. The deal was announced on 10 August 2026. CHMI shareholders would receive consideration under the merger plan if the transaction closes.

Short interest in CHMI is minimal — under 1% of free float, with roughly 362,000 shares sold short. Cost to borrow sits at just 0.51% annually, meaning the borrow market is loose and uncongested. In a merger, short sellers face the risk of being "bought in" if the deal closes at a fixed price, leaving little room to profit from further downside. With such low short interest here, that dynamic is unlikely to be a meaningful factor.