Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Sees Significant Growth in Short Interest

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRGet Free Report) was the target of a large growth in short interest in the month of August. As of August 15th, there was short interest totaling 152,400 shares, agrowthof193.1% from the July 31st total of 52,000 shares. Currently,9.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is presently 0.1 days. Currently,9.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Wall Street Zen raised Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Saturday, August 9th.

View Our Latest Stock Report on WHLR

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

An institutional investor recently bought a new position in Wheeler Real Estate Investment Trust stock. Bank of America Corp DE bought a new stake in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRFree Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,180 shares of the real estate investment trust’s stock, valued at approximately $80,000. Bank of America Corp DE owned about 1.03% of Wheeler Real Estate Investment Trust as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 35.28% of the company’s stock.

Wheeler Real Estate Investment Trust Price Performance

Shares of NASDAQ:WHLR opened at $1.74 on Friday. The business’s 50 day simple moving average is $3.66 and its 200-day simple moving average is $17.66. The firm has a market capitalization of $2.23 million, a price-to-earnings ratio of 0.00 and a beta of 1.28. Wheeler Real Estate Investment Trust has a 12 month low of $0.65 and a 12 month high of $1,494.00.

Wheeler Real Estate Investment Trust Company Profile

(Get Free Report)

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.

See Also

Receive News & Ratings for Wheeler Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheeler Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.