SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) Short Interest Up 38.3% in December

SmartCentres Real Estate Investment Trust (OTCMKTS:CWYUF) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,660,600 shares, a growth of 38.3% from the November 30th total of 1,201,100 shares. Based on an average trading volume of 103,000 shares, the days-to-cover ratio is presently 16.1 days.

Analyst Upgrades and Downgrades

Separately, TD Securities raised SmartCentres Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 19th.

SmartCentres Real Estate Investment Trust Trading Down 0.6 %

Shares of OTCMKTS:CWYUF traded down $0.07 during midday trading on Monday, hitting $16.97. 5,121 shares of the stock traded hands, compared to its average volume of 21,409. The company has a quick ratio of 0.30, a current ratio of 0.39 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $17.98 and its two-hundred day moving average is $17.96. The stock has a market capitalization of $3.02 billion, a PE ratio of 25.71 and a beta of 1.17. SmartCentres Real Estate Investment Trust has a one year low of $15.82 and a one year high of $20.23.

SmartCentres Real Estate Investment Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st will be given a dividend of $0.1076 per share. This represents a yield of 7.46%. The ex-dividend date of this dividend is Tuesday, December 31st. SmartCentres Real Estate Investment Trust’s payout ratio is 206.06%.

About SmartCentres Real Estate Investment Trust

SmartCentres is one of Canada’s largest fully integrated REITs, with a best-in-class and growing mixed-use portfolio featuring 191 strategically located properties in communities across the country. SmartCentres has approximately $12.0 billion in assets and owns 35.0 million square feet of income producing value-oriented retail and first-class office properties with 98.5% in place and committed occupancy, on 3,500 acres of owned land across Canada.