New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) Sees Large Increase in Short Interest

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 491 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average daily volume of 589 shares, the short-interest ratio is currently 0.8 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On New England Realty Associates Limited Partnership

A hedge fund recently bought a new stake in New England Realty Associates Limited Partnership stock. Royal Bank of Canada purchased a new stake in New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,401 shares of the company’s stock, valued at approximately $86,000.

New England Realty Associates Limited Partnership Stock Performance

Shares of New England Realty Associates Limited Partnership stock traded down $2.48 during trading hours on Friday, hitting $57.52. The company’s stock had a trading volume of 534 shares, compared to its average volume of 1,373. New England Realty Associates Limited Partnership has a twelve month low of $56.00 and a twelve month high of $74.50. The firm has a fifty day moving average of $59.56 and a 200-day moving average of $62.66.

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) last announced its quarterly earnings results on Friday, March 13th. The company reported ($11.92) EPS for the quarter. The firm had revenue of $23.58 million during the quarter.

New England Realty Associates Limited Partnership Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, June 15th.

About New England Realty Associates Limited Partnership

New England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling real estate properties in the United States. It owns and operates various residential apartments, condominium units, and commercial properties located in Massachusetts and New Hampshire. NewReal, Inc serves as the general partner of the company. New England Realty Associates Limited Partnership was incorporated in 1977 and is headquartered in Allston, Massachusetts.