Short Interest in SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Decreases By 32.1%

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) was the recipient 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, adropof32.1% 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 currently 20.3 days. Based on an average trading volume of 49,300 shares, the short-interest ratio is currently 20.3 days.

SmartCentres Real Estate Investment Trust Trading Down 0.9%

OTCMKTS:CWYUF traded down $0.17 during mid-day trading on Monday, reaching $19.39. 2,753 shares of the company’s stock traded hands, compared to its average volume of 26,536. The company has a 50 day moving average price of $18.99 and a 200-day moving average price of $18.43. 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 capitalization of $3.46 billion, a price-to-earnings ratio of 17.16 and a beta of 0.92. SmartCentres Real Estate Investment Trust has a 12-month low of $15.99 and a 12-month high of $20.23.

SmartCentres Real Estate Investment Trust Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a dividend of $0.1124 per share. The ex-dividend date was Thursday, July 31st. This represents a dividend yield of 715.0%. 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.