Short Interest in SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Declines By 46.6%

Key Points

• Short interest in SmartCentres Real Estate Investment Trust declined by 46.6% in August, falling from 1,000,000 shares to 534,400 shares.
• The company's dividend yield is exceptionally high at 715.0%, although the payout ratio is 118.58%, indicating the dividend might be at risk.
• SmartCentres currently has a market cap of $3.47 billion and recently reported a stock price of $19.46 with significant asset holdings of approximately $12.0 billion.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - ) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 534,400 shares, a decline of 46.6% from the August 15th total of 1,000,000 shares. Currently, 0.4% of the company's stock are short sold. Based on an average daily volume of 24,800 shares, the days-to-cover ratio is presently 21.5 days. Based on an average daily volume of 24,800 shares, the days-to-cover ratio is presently 21.5 days. Currently, 0.4% of the company's stock are short sold.

SmartCentres Real Estate Investment Trust Price Performance

CWYUF opened at $19.46 on Friday. The stock has a 50-day moving average price of $19.05 and a 200-day moving average price of $18.48. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market cap of $3.47 billion, a PE ratio of 17.22 and a beta of 0.92. SmartCentres Real Estate Investment Trust has a 1 year low of $15.99 and a 1 year high of $20.23.

SmartCentres Real Estate Investment Trust Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a $0.1124 dividend. This represents a dividend yield of 715.0%. The ex-dividend date of this dividend was Thursday, July 31st. SmartCentres Real Estate Investment Trust's payout ratio is currently 118.58%.

About SmartCentres Real Estate Investment Trust

SmartCentres is one of Canada's largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 191 strategically located properties in communities across the country. SmartCentres has approximately $12.0 billion in assets and owns 35.0 million square feet of income producing value-oriented retail and first-class office properties with 98.5% in place and committed occupancy, on 3,500 acres of owned land across Canada.

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