RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Short Interest Down 26.2% in November

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) saw a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 2,958,900 shares, a decline of 26.2% from the November 15th total of 4,007,400 shares. Based on an average daily trading volume, of 49,700 shares, the days-to-cover ratio is currently 59.5 days.

RioCan Real Estate Investment Trust Trading Down 0.2 %

OTCMKTS:RIOCF traded down $0.02 during mid-day trading on Friday, hitting $13.00. The company had a trading volume of 195,874 shares, compared to its average volume of 58,490. RioCan Real Estate Investment Trust has a 1 year low of $11.43 and a 1 year high of $15.40. The business has a fifty day simple moving average of $13.76 and a 200-day simple moving average of $13.44.

RioCan Real Estate Investment Trust Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, December 2nd were issued a $0.0657 dividend. This represents a yield of 5.75%. The ex-dividend date was Friday, November 29th. RioCan Real Estate Investment Trust’s dividend payout ratio is presently 57.26%.

About RioCan Real Estate Investment Trust

RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan's interest) including office, residential rental and 9 development properties.