Artis Real Estate Investment Trust (OTCMKTS:ARESF) Short Interest Up 41.8% in March

Artis Real Estate Investment Trust (OTCMKTS:ARESF) was the target of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 1,748,000 shares, an increase of 41.8% from the February 29th total of 1,233,000 shares. Based on an average daily volume of 35,500 shares, the days-to-cover ratio is presently 49.2 days.

Artis Real Estate Investment Trust Stock Up 7.3 %

OTCMKTS ARESF opened at $4.73 on Friday. Artis Real Estate Investment Trust has a 52 week low of $4.07 and a 52 week high of $5.69. The firm’s 50-day simple moving average is $4.62 and its two-hundred day simple moving average is $4.71.

Artis Real Estate Investment Trust Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued a $0.037 dividend. This represents a dividend yield of 9.89%. The ex-dividend date is Wednesday, March 27th. Artis Real Estate Investment Trust’s payout ratio is 84.74%.

About Artis Real Estate Investment Trust

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.