Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Short Interest Update

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI – Get Rating) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 108,300 shares, a growth of 36.9% from the November 30th total of 79,100 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 46,000 shares, the days-to-cover ratio is currently 2.4 days.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of REFI stock opened at $15.00 on Friday. The firm has a market cap of $264.87 million and a price-to-earnings ratio of 7.58. Chicago Atlantic Real Estate Finance has a 52 week low of $13.87 and a 52 week high of $20.29. The firm’s 50-day simple moving average is $15.44 and its two-hundred day simple moving average is $15.21.

Chicago Atlantic Real Estate Finance Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be given a $0.76 dividend. This is a positive change from Chicago Atlantic Real Estate Finance’s previous quarterly dividend of $0.47. The ex-dividend date is Thursday, December 29th. This represents a $3.04 annualized dividend and a yield of 20.27%. Chicago Atlantic Real Estate Finance’s payout ratio is currently 94.95%.

Insider Activity

In other Chicago Atlantic Real Estate Finance news, CEO Anthony Cappell acquired 9,184 shares…