Modiv Industrial, Inc. (NYSE:MDV) Short Interest Update

Modiv Industrial, Inc. (NYSE:MDV - Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 46,200 shares, a growth of 260.9% from the March 15th total of 12,800 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 39,600 shares, the short-interest ratio is presently 1.2 days.

Modiv Industrial Stock Performance

NYSE:MDV traded up $0.07 during mid-day trading on Friday, hitting $15.29. 32,545 shares of the company's stock traded hands, compared to its average volume of 32,549. Modiv Industrial has a 1 year low of $13.62 and a 1 year high of $18.11. The company has a market cap of $152.43 million, a PE ratio of -139.03 and a beta of -0.24. The firm's 50 day simple moving average is $15.22 and its 200 day simple moving average is $15.61.

Modiv Industrial Announces Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $0.0975 per share. The ex-dividend date is Wednesday, April 30th. Modiv Industrial's dividend payout ratio is currently 468.00%.

Institutional Investors Weigh In On Modiv Industrial

A number of large investors have recently bought and sold shares of the stock. Resona Asset Management Co. Ltd. acquired a new stake in shares of Modiv Industrial during the fourth quarter valued at $50,000. Barclays PLC purchased a new stake in shares of Modiv Industrial during the third quarter worth about $87,000. TT Capital Management LLC acquired a new position in shares of Modiv Industrial in the fourth quarter valued at approximately $158,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Modiv Industrial during the fourth quarter valued at approximately $172,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Modiv Industrial in the 4th quarter worth approximately $175,000. Institutional investors and hedge funds own 8.21% of the company's stock.

About Modiv Industrial

Modiv Industrial, Inc is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.