Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Sees Significant Drop in Short Interest

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI - Get Free Report) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totalling 289,400 shares, a decrease of 17.1% from the April 30th total of 349,300 shares. Currently, 1.6% of the company's shares are sold short. Based on an average daily trading volume, of 135,100 shares, the short-interest ratio is presently 2.1 days.

Chicago Atlantic Real Estate Finance Stock Performance

REFI traded down $0.08 during mid-day trading on Wednesday, reaching $14.37. 55,800 shares of the stock were exchanged, compared to its average volume of 112,989. The stock has a market capitalization of $301.30 million, a PE ratio of 7.19 and a beta of 0.26. The company has a 50 day moving average price of $14.39 and a two-hundred day moving average price of $15.28. Chicago Atlantic Real Estate Finance has a 1 year low of $12.76 and a 1 year high of $16.47.

Chicago Atlantic Real Estate Finance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 13.08%. The ex-dividend date was Monday, March 31st. Chicago Atlantic Real Estate Finance's payout ratio is 100.00%.

Institutional Investors Weigh In On Chicago Atlantic Real Estate Finance

A number of institutional investors have recently made changes to their positions in REFI. Geode Capital Management LLC grew its holdings in Chicago Atlantic Real Estate Finance by 5.4% in the fourth quarter. Geode Capital Management LLC now owns 12,982 shares of the company's stock worth $201,000 after purchasing an additional 663 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Chicago Atlantic Real Estate Finance by 3.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 22,371 shares of the company's stock worth $345,000 after buying an additional 687 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Chicago Atlantic Real Estate Finance by 33.5% during the fourth quarter. Russell Investments Group Ltd. now owns 3,321 shares of the company's stock worth $51,000 after acquiring an additional 833 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Chicago Atlantic Real Estate Finance by 45.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,667 shares of the company's stock worth $41,000 after purchasing an additional 838 shares during the last quarter. Finally, Martingale Asset Management L P lifted its holdings in Chicago Atlantic Real Estate Finance by 4.9% during the 1st quarter. Martingale Asset Management L P now owns 19,241 shares of the company's stock valued at $283,000 after buying an additional 901 shares in the last quarter. Hedge funds and other institutional investors own 25.48% of the company's stock.

Chicago Atlantic Real Estate Finance Company Profile

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.