SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Short Interest Update

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 significant drop in short interest in the month of August. As of August 15th, there was short interest totaling 1,000,000 shares, a drop of 32.1% from the July 31st total of 1,472,200 shares. Based on an average trading volume of 49,300 shares, the days-to-cover ratio is presently 20.3 days. Based on an average trading volume of 49,300 shares, the days-to-cover ratio is presently 20.3 days.

SmartCentres Real Estate Investment Trust Stock Performance

SmartCentres Real Estate Investment Trust stock traded up $0.17 during mid-day trading on Friday, reaching $19.53. 3,980 shares of the company's stock were exchanged, compared to its average volume of 26,345. The business's fifty day simple moving average is $19.04 and its 200 day simple moving average is $18.47. The firm has a market capitalization of $3.48 billion, a PE ratio of 17.28 and a beta of 0.92. SmartCentres Real Estate Investment Trust has a one year low of $15.99 and a one year high of $20.23. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.66.

SmartCentres Real Estate Investment Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a dividend of $0.1124 per share. This represents a yield of 715.0%. The ex-dividend date was Thursday, July 31st. SmartCentres Real Estate Investment Trust's dividend payout ratio (DPR) is 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.