Short Interest in Artis Real Estate Investment Trust (OTCMKTS:ARESF) Drops By 5.6%

Artis Real Estate Investment Trust (OTCMKTS:ARESF) saw a large decrease in short interest during the month of August. As of August 15th, there was short interest totalling 1,714,600 shares, a decrease of 5.6% from the July 31st total of 1,816,700 shares. Based on an average trading volume of 8,000 shares, the short-interest ratio is presently 214.3 days.

Artis Real Estate Investment Trust Stock Performance

Shares of ARESF stock opened at $5.33 on Wednesday. The stock’s fifty day simple moving average is $4.87 and its 200 day simple moving average is $4.72. Artis Real Estate Investment Trust has a twelve month low of $4.07 and a twelve month high of $5.35.

Artis Real Estate Investment Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 13th. Investors of record on Monday, September 2nd will be issued a $0.0365 dividend. The ex-dividend date is Friday, August 30th. This represents a yield of 8.76%. 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.