Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Update

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 49,725 shares, a drop of 71.7% from the June 15th total of 175,592 shares. Based on an average daily trading volume, of 681,547 shares, the days-to-cover ratio is presently 0.1 days. Approximately 18.8% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several research firms have recently commented on WHLR. Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Monday, July 6th. Wall Street Zen raised shares of Wheeler Real Estate Investment Trust to a “hold” rating in a report on Saturday, July 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Insiders Place Their Bets

In other Wheeler Real Estate Investment Trust news, major shareholder Financial Lp Hrt sold 66,584 shares of the business’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $0.49, for a total transaction of $32,626.16. Following the transaction, the insider owned 95,390 shares of the company’s stock, valued at approximately $46,741.10. The trade was a 41.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders acquired 101,989 shares of company stock worth $77,342 and sold 66,751 shares worth $38,892. Company insiders own 51.93% of the company’s stock.

Institutional Trading of Wheeler Real Estate Investment Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in Wheeler Real Estate Investment Trust in the 4th quarter valued at about $62,000. HRT Financial LP purchased a new position in Wheeler Real Estate Investment Trust during the fourth quarter worth about $38,000. Finally, Bank of America Corp DE purchased a new position in Wheeler Real Estate Investment Trust during the second quarter worth about $80,000. 35.28% of the stock is owned by institutional investors and hedge funds.

Wheeler Real Estate Investment Trust Price Performance

WHLR traded down $0.04 during trading hours on Monday, reaching $0.36. The company’s stock had a trading volume of 989,182 shares, compared to its average volume of 593,191. The stock has a market cap of $306,600.00, a PE ratio of -0.00 and a beta of 1.08. Wheeler Real Estate Investment Trust has a fifty-two week low of $0.35 and a fifty-two week high of $2,117.45. The business’s 50-day moving average is $11.59 and its 200-day moving average is $62.91.

Wheeler Real Estate Investment Trust Company Profile

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.