Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Sees Significant Decrease in Short Interest

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) was the target of a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 271,200 shares, a drop of 15.5% from the September 30th total of 320,800 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 76,900 shares, the short-interest ratio is currently 3.5 days.

Chicago Atlantic Real Estate Finance Trading Up 0.1 %

Chicago Atlantic Real Estate Finance stock traded up $0.02 during mid-day trading on Wednesday, hitting $15.25. The company had a trading volume of 25,381 shares, compared to its average volume of 88,261. The company has a market capitalization of $299.21 million, a price-to-earnings ratio of 7.69 and a beta of 0.20. The company’s fifty day moving average is $15.67 and its 200-day moving average is $15.64. Chicago Atlantic Real Estate Finance has a 12-month low of $13.89 and a 12-month high of $17.65.

Chicago Atlantic Real Estate Finance Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 12.33%. The ex-dividend date of this dividend was Monday, September 30th. Chicago Atlantic Real Estate Finance’s payout ratio is presently 94.95%.

Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance

A number of large investors have recently added to or reduced their stakes in the stock. United Advisor Group LLC acquired a new position in Chicago Atlantic Real Estate Finance in the 3rd quarter valued at $319,000. Gladstone Institutional Advisory LLC purchased a new stake in Chicago Atlantic Real Estate Finance during the 3rd quarter valued at about $504,000. Doliver Advisors LP acquired a new stake in Chicago Atlantic Real Estate Finance in the 3rd quarter valued at about $171,000. Renaissance Technologies LLC lifted its stake in Chicago Atlantic Real Estate Finance by 17.5% in the 2nd quarter. Renaissance Technologies LLC now owns 36,300 shares of the company’s stock worth $558,000 after purchasing an additional 5,400 shares in the last quarter. Finally, AdvisorShares Investments LLC boosted its holdings in shares of Chicago Atlantic Real Estate Finance by 13.4% during the 2nd quarter. AdvisorShares Investments LLC now owns 101,361 shares of the company’s stock worth $1,523,000 after purchasing an additional 12,000 shares during the last quarter. 25.48% of the stock is currently owned by institutional investors and hedge funds.

Chicago Atlantic Real Estate Finance Company Profile

Chicago Atlantic Real Estate Finance, Inc operates as a commercial real estate finance company in the United States. The company engages in originating, structuring, and investing in first mortgage loans and alternative structured financings secured by commercial real estate properties. Its portfolio primarily includes offers senior loans to state-licensed operators in the cannabis industry.