Short Interest in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Drops By 15.5%

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 271,200 shares, a decline of 15.5% from the September 30th total of 320,800 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 76,900 shares, the short-interest ratio is presently 3.5 days.

Chicago Atlantic Real Estate Finance Price Performance

Shares of REFI stock traded up $0.06 during trading hours on Monday, reaching $15.28. 1,743 shares of the company were exchanged, compared to its average volume of 88,363. Chicago Atlantic Real Estate Finance has a fifty-two week low of $13.87 and a fifty-two week high of $17.65. The stock’s fifty day moving average is $15.68 and its two-hundred day moving average is $15.65. The company has a market cap of $299.79 million, a price-to-earnings ratio of 7.89 and a beta of 0.20.

Chicago Atlantic Real Estate Finance Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.30%. Chicago Atlantic Real Estate Finance’s payout ratio is 94.95%.

Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance

A number of large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its stake in shares of Chicago Atlantic Real Estate Finance by 3.9% during the first quarter. Commonwealth Equity Services LLC now owns 36,428 shares of the company’s stock worth $574,000 after buying an additional 1,363 shares during the last quarter. Larson Financial Group LLC raised its stake in shares of Chicago Atlantic Real Estate Finance by 328.8% during the first quarter. Larson Financial Group LLC now owns 1,578 shares of the company’s stock worth $25,000 after buying an additional 1,210 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Chicago Atlantic Real Estate Finance by 5.6% during the first quarter. Vanguard Group Inc. now owns 809,997 shares of the company’s stock worth $12,774,000 after buying an additional 42,740 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Chicago Atlantic Real Estate Finance by 4.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 17,501 shares of the company’s stock worth $276,000 after buying an additional 747 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Chicago Atlantic Real Estate Finance by 5.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 23,105 shares of the company’s stock worth $365,000 after buying an additional 1,111 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.