Short Interest in Artis Real Estate Investment Trust (OTCMKTS:ARESF) Declines By 59.9%

Artis Real Estate Investment Trust (OTCMKTS:ARESF) saw a large drop in short interest in August. As of August 31st, there was short interest totaling 479,000 shares, a drop of 59.9% from the August 15th total of 1,195,800 shares. Based on an average daily volume of 5,100 shares, the short-interest ratio is currently 93.9 days. Based on an average daily volume of 5,100 shares, the short-interest ratio is currently 93.9 days.

Artis Real Estate Investment Trust Price Performance

Shares of OTCMKTS ARESF opened at $5.45 on Monday. Artis Real Estate Investment Trust has a 12-month low of $4.46 and a 12-month high of $6.01. The company has a 50-day moving average of $5.41 and a 200 day moving average of $5.29.

Artis Real Estate Investment Trust Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a dividend of $0.0364 per share. This represents a yield of 781.0%. The ex-dividend date of this dividend was Thursday, July 31st. 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.