Artis Real Estate Investment Trust (OTCMKTS:ARESF) Sees Significant Growth in Short Interest

Artis Real Estate Investment Trust (OTCMKTS:ARESF) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 702,800 shares, a growth of 56.1% from the September 15th total of 450,200 shares. Based on an average daily volume of 33,900 shares, the days-to-cover ratio is presently 20.7 days. Based on an average daily volume of 33,900 shares, the days-to-cover ratio is presently 20.7 days.

Artis Real Estate Investment Trust Stock Performance

ARESF stock opened at $4.28 on Wednesday. Artis Real Estate Investment Trust has a 1-year low of $4.23 and a 1-year high of $5.98. The business has a 50 day simple moving average of $4.89 and a two-hundred day simple moving average of $5.14.

Artis Real Estate Investment Trust Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, October 15th. Stockholders of record on Wednesday, October 1st were given a dividend of $0.0362 per share. This represents a dividend yield of 882.0%. The ex-dividend date was Tuesday, September 30th. Artis Real Estate Investment Trust’s dividend payout ratio is currently 84.74%.

Artis Real Estate Investment Trust Company Profile

Artis is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States. Artis's vision is to build a best-in-class asset management and investment platform focused on growing net asset value per unit and distributions for investors through value investing in real estate.