Short Interest in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Rises By 33.1%

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 379,000 shares, an increase of 33.1% from the March 15th total of 284,700 shares. Approximately 2.1% of the shares of the company are short sold. Based on an average trading volume of 169,300 shares, the days-to-cover ratio is currently 2.2 days.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of NASDAQ REFI remained flat at $14.22 during trading on Thursday. The stock had a trading volume of 115,263 shares, compared to its average volume of 113,816. The firm has a market capitalization of $297.11 million, a PE ratio of 7.11 and a beta of 0.26. Chicago Atlantic Real Estate Finance has a 1-year low of $12.76 and a 1-year high of $16.47. The stock has a 50 day simple moving average of $15.04 and a 200 day simple moving average of $15.44.

Chicago Atlantic Real Estate Finance Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.47 per share. The ex-dividend date was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 13.22%. Chicago Atlantic Real Estate Finance's dividend payout ratio (DPR) is 100.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp lifted its holdings in Chicago Atlantic Real Estate Finance by 15.1% in the third quarter. State Street Corp now owns 400,790 shares of the company's stock worth $6,403,000 after acquiring an additional 52,497 shares during the last quarter. Barclays PLC boosted its position in Chicago Atlantic Real Estate Finance by 271.9% during the 3rd quarter. Barclays PLC now owns 22,143 shares of the company's stock valued at $343,000 after purchasing an additional 16,189 shares during the period. Tidal Investments LLC grew its stake in Chicago Atlantic Real Estate Finance by 21.4% during the 3rd quarter. Tidal Investments LLC now owns 485,610 shares of the company's stock worth $7,532,000 after buying an additional 85,481 shares during the last quarter. JPMorgan Chase & Co. increased its position in Chicago Atlantic Real Estate Finance by 169.2% in the third quarter. JPMorgan Chase & Co. now owns 34,074 shares of the company's stock worth $528,000 after buying an additional 21,415 shares during the period. Finally, Doliver Advisors LP lifted its stake in Chicago Atlantic Real Estate Finance by 149.4% in the fourth quarter. Doliver Advisors LP now owns 27,438 shares of the company's stock valued at $423,000 after buying an additional 16,438 shares during the last quarter. 25.48% of the stock is owned by institutional investors and hedge funds.

About Chicago Atlantic Real Estate Finance

Chicago Atlantic Real Estate Finance, Inc operates as a commercial real estate finance company in the United States. The company engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio primarily includes offers senior loans to state-licensed operators in the cannabis industry.