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

Artis Real Estate Investment Trust (OTCMKTS:ARESF) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,532,500 shares, a growth of 5.7% from the October 31st total of 1,450,200 shares. Based on an average daily trading volume, of 13,000 shares, the days-to-cover ratio is presently 117.9 days.

Artis Real Estate Investment Trust Stock Performance

Artis Real Estate Investment Trust stock opened at $5.54 on Wednesday. Artis Real Estate Investment Trust has a twelve month low of $4.07 and a twelve month high of $6.01. The company has a 50 day moving average of $5.75 and a 200-day moving average of $5.24.

Artis Real Estate Investment Trust Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, December 2nd will be issued a $0.0355 dividend. This represents a dividend yield of 7.62%. The ex-dividend date is Friday, November 29th. Artis Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 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.