SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Short Interest Down 32.1% in August

Key Points

• Short interest for SmartCentres Real Estate Investment Trust decreased by 32.1% in August, falling to 1,000,000 shares from 1,472,200 shares.
• The stock price of SmartCentres increased by 1.1% to $19.56, and the company has a market capitalization of $3.49 billion.
• SmartCentres recently cut its dividend to $0.1124 per share, resulting in a high dividend yield of 715.0% but with a dividend payout ratio of 118.58%.

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF - Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 15th, there was short interest totaling 1,000,000 shares, a decrease of 32.1% from the July 31st total of 1,472,200 shares. Based on an average trading volume of 49,300 shares, the short-interest ratio is presently 20.3 days. Based on an average trading volume of 49,300 shares, the short-interest ratio is presently 20.3 days.

SmartCentres Real Estate Investment Trust Stock Performance

Shares of CWYUF stock traded up $0.02 during trading hours on Wednesday, reaching $19.36. The company had a trading volume of 1,631 shares, compared to its average volume of 42,841. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.29 and a current ratio of 0.29. The business has a fifty day moving average price of $19.02 and a 200-day moving average price of $18.45. SmartCentres Real Estate Investment Trust has a one year low of $15.99 and a one year high of $20.23. The firm has a market cap of $3.45 billion, a PE ratio of 12.01 and a beta of 0.92.

SmartCentres Real Estate Investment Trust Cuts Dividend

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

SmartCentres Real Estate Investment Trust Company Profile

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.