Short Interest in Chicago Atlantic Real Estate Finance Surges 93%

The NASDAQ-listed real estate finance firm sees a significant increase in short positions on its stock.

Apr. 13, 2026 at 8:49am

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Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) saw a 93.3% increase in short interest during the month of March, with short positions totaling 1,169,415 shares as of March 31st. This represents approximately 6% of the company's outstanding shares, and based on average trading volume, the days-to-cover ratio is currently 4.4 days.

Why it matters

The sharp rise in short interest on Chicago Atlantic Real Estate Finance's stock could signal growing bearish sentiment among investors regarding the company's performance or future prospects. This type of increased short activity is often seen as a potential indicator of volatility ahead for the stock.

The details

The short interest in Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) grew from 605,053 shares on March 15th to 1,169,415 shares as of March 31st, an increase of 93.3%. This means that approximately 6% of the company's outstanding shares are currently held in short positions. Based on the stock's average daily trading volume of 268,231 shares, the current days-to-cover ratio is 4.4 days.

  • As of March 31st, 2026, short interest in REFI totaled 1,169,415 shares.
  • On March 15th, 2026, short interest in REFI was 605,053 shares.

The players

Chicago Atlantic Real Estate Finance, Inc.

A publicly listed real estate finance company that specializes in originating and acquiring commercial real estate debt, with a focus on floating-rate senior mortgage loans secured by income-producing properties across the United States.

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The takeaway

The significant increase in short interest on Chicago Atlantic Real Estate Finance's stock could signal growing investor skepticism about the company's future performance. This trend bears watching, as heightened short activity often precedes increased volatility in a stock's price movements.