Short Interest in Slate Grocery REIT (OTCMKTS:SRRTF) Drops By 25.3%

Slate Grocery REIT (OTCMKTS:SRRTF) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totalling 213,100 shares, a drop of 25.3% from the July 15th total of 285,300 shares. Based on an average daily trading volume, of 30,300 shares, the days-to-cover ratio is currently 7.0 days.

Slate Grocery REIT Price Performance

OTCMKTS SRRTF traded down $0.02 during trading hours on Friday, reaching $8.80. The company’s stock had a trading volume of 15,252 shares, compared to its average volume of 14,879. The company’s 50-day moving average is $8.39 and its two-hundred day moving average is $8.37. Slate Grocery REIT has a fifty-two week low of $6.94 and a fifty-two week high of $9.75.

Slate Grocery REIT Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st were paid a dividend of $0.072 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 9.82%.

About Slate Grocery REIT

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately $2.4 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs. The REIT's resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.