Short Interest in Slate Grocery REIT (OTCMKTS:SRRTF) Drops By 17.0%

Slate Grocery REIT (OTCMKTS:SRRTF) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 301,400 shares, a drop of 17.0% from the March 31st total of 363,200 shares. Based on an average trading volume of 54,800 shares, the short-interest ratio is currently 5.5 days.

Slate Grocery REIT Stock Performance

Shares of OTCMKTS:SRRTF opened at $8.09 on Friday. Slate Grocery REIT has a 12 month low of $6.94 and a 12 month high of $10.44. The company’s fifty day simple moving average is $8.28 and its 200 day simple moving average is $8.37.

Slate Grocery REIT Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be issued a dividend of $0.072 per share. The ex-dividend date is Monday, April 29th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 10.68%.

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.