Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) Sees Significant Drop in Short Interest

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

Chicago Atlantic Real Estate Finance Price Performance

Shares of NASDAQ REFI traded up $0.05 during trading on Monday, hitting $15.27. The stock had a trading volume of 72,095 shares, compared to its average volume of 88,703. Chicago Atlantic Real Estate Finance has a 12 month low of $13.87 and a 12 month high of $17.65. The company has a market capitalization of $299.60 million, a PE ratio of 7.71 and a beta of 0.20. The firm has a fifty day moving average of $15.67 and a two-hundred day moving average of $15.64.

Chicago Atlantic Real Estate Finance Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 12.31%. The ex-dividend date was Monday, September 30th. Chicago Atlantic Real Estate Finance's dividend payout ratio (DPR) is currently 94.95%.

Hedge Funds Weigh In On Chicago Atlantic Real Estate Finance

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Gladstone Institutional Advisory LLC purchased a new position in shares of Chicago Atlantic Real Estate Finance in the 3rd quarter worth about $504,000. Doliver Advisors LP purchased a new position in shares of Chicago Atlantic Real Estate Finance in the 3rd quarter worth about $171,000. Renaissance Technologies LLC boosted its holdings in shares of Chicago Atlantic Real Estate Finance by 17.5% in the 2nd quarter. Renaissance Technologies LLC now owns 36,300 shares of the company's stock worth $558,000 after buying an additional 5,400 shares during the last quarter. AdvisorShares Investments LLC boosted its holdings in shares of Chicago Atlantic Real Estate Finance by 13.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 101,361 shares of the company's stock worth $1,523,000 after buying an additional 12,000 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Chicago Atlantic Real Estate Finance by 7.7% in the 2nd quarter. Rhumbline Advisers now owns 23,754 shares of the company's stock worth $365,000 after buying an additional 1,689 shares during the last quarter. 25.48% of the stock is owned by hedge funds and other institutional investors.

About Chicago Atlantic Real Estate Finance

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.