Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Update

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 23,713 shares, an increase of 117.2% from the December 15th total of 10,916 shares. Based on an average daily trading volume, of 47,207 shares, the short-interest ratio is currently 0.5 days. Approximately 1.4% of the shares of the company are sold short. Approximately 1.4% of the shares of the company are sold short. Based on an average daily trading volume, of 47,207 shares, the short-interest ratio is currently 0.5 days.

Mackenzie Realty Capital Price Performance

Shares of MKZR stock traded down $0.13 during trading hours on Thursday, hitting $4.36. The stock had a trading volume of 40,067 shares, compared to its average volume of 84,147. The stock has a market capitalization of $8.07 million, a price-to-earnings ratio of -0.40 and a beta of -1.16. Mackenzie Realty Capital has a one year low of $3.26 and a one year high of $31.80. The stock’s 50-day moving average price is $4.20 and its two-hundred day moving average price is $5.15.

Mackenzie Realty Capital (NASDAQ:MKZR) last released its quarterly earnings data on Monday, September 29th. The company reported ($7.86) earnings per share (EPS) for the quarter. The business had revenue of $2.38 million during the quarter.

Institutional Trading of Mackenzie Realty Capital

A number of large investors have recently made changes to their positions in the business. Savvy Advisors Inc. grew its position in Mackenzie Realty Capital by 494.1% in the second quarter. Savvy Advisors Inc. now owns 87,133 shares of the company’s stock worth $58,000 after acquiring an additional 72,467 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Mackenzie Realty Capital during the 3rd quarter valued at approximately $58,000. Legacy Wealth Managment LLC ID raised its holdings in Mackenzie Realty Capital by 7.1% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 125,366 shares of the company’s stock valued at $84,000 after buying an additional 8,268 shares during the period. Finally, Geode Capital Management LLC lifted its position in Mackenzie Realty Capital by 1.6% in the second quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock worth $104,000 after buying an additional 2,530 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Mackenzie Realty Capital currently has an average rating of “Sell”.

About Mackenzie Realty Capital

Mackenzie Realty Capital, Inc (NASDAQ:MKZR) is a real estate finance company that focuses on originating, acquiring and managing a diversified portfolio of real estate credit investments. The company’s offerings include first-lien mortgage loans, B-notes, mezzanine financing and short-term bridge loans secured by residential and small multifamily properties. By emphasizing collateral quality and short-to-medium-term maturities, Mackenzie Realty Capital aims to generate stable income streams and attractive risk-adjusted returns.

Since its initial public offering, Mackenzie Realty Capital has deployed capital across a variety of property types, including single-family rental communities, garden-style apartment complexes and mixed-use developments.