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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 65,607 shares, a drop of 68.3% from the December 15th total of 206,687 shares. Approximately 19.8% of the company’s shares are short sold. Based on an average daily volume of 221,038 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 221,038 shares, the days-to-cover ratio is currently 0.3 days. Approximately 19.8% of the company’s shares are short sold.

Institutional Trading of Wheeler Real Estate Investment Trust

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Bank of America Corp DE purchased a new position in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 at the end of the most recent reporting period. Institutional investors own 35.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Friday, January 9th. Wall Street Zen downgraded shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Performance

NASDAQ:WHLR opened at $1.74 on Thursday. Wheeler Real Estate Investment Trust has a 52-week low of $1.58 and a 52-week high of $959.98. The firm has a market capitalization of $1.20 million, a price-to-earnings ratio of 0.00 and a beta of 1.32. The stock has a fifty day moving average of $2.35 and a 200 day moving average of $8.76.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last released its earnings results on Thursday, November 6th. The real estate investment trust reported $4.20 earnings per share for the quarter. The company had revenue of $23.82 million during the quarter. Wheeler Real Estate Investment Trust had a negative return on equity of 295.94% and a net margin of 49.20%.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc is a publicly traded real estate investment trust focused on the acquisition, ownership and management of single-tenant, operationally essential real estate in the United States. The company targets free-standing properties leased to creditworthy tenants under long-term net leases, providing predictable income streams and capital preservation. Its portfolio spans a broad range of retail, service and light industrial properties, with an emphasis on assets where tenants are responsible for property taxes, insurance and maintenance.

The trust’s assets are primarily concentrated in consumer-oriented businesses such as discount retailers, quick-service restaurants and healthcare services, among others.