Short Interest in Slate Grocery REIT (OTCMKTS:SRRTF) Drops By 11.8%

Slate Grocery REIT (OTCMKTS:SRRTF) was the recipient of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 248,100 shares, a drop of 11.8% from the January 31st total of 281,300 shares. Based on an average daily trading volume, of 45,600 shares, the short-interest ratio is currently 5.4 days.

Slate Grocery REIT Stock Performance

SRRTF stock traded up $0.13 during mid-day trading on Thursday, reaching $9.90. The company had a trading volume of 41,513 shares, compared to its average volume of 27,084. The stock’s 50-day simple moving average is $9.68 and its two-hundred day simple moving average is $9.88. Slate Grocery REIT has a one year low of $7.72 and a one year high of $10.96.

Slate Grocery REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.072 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 8.73%.

Slate Grocery REIT Company Profile

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.