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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 52,000 shares, anincreaseof89.8% from the July 15th total of 27,400 shares. Approximately4.1% of the company’s stock are sold short. Based on an average daily volume of 1,010,000 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 1,010,000 shares, the short-interest ratio is currently 0.1 days. Approximately4.1% of the company’s stock are sold short.

Institutional Investors Weigh In On 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 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,180 shares of the real estate investment trust’s stock, valued at approximately $80,000. Bank of America Corp DE owned 1.03% of Wheeler Real Estate Investment Trust as of its most recent SEC filing. Institutional investors own 35.28% of the company’s stock.

Analysts Set New Price Targets

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

Wheeler Real Estate Investment Trust Stock Down 2.0%

Shares of WHLR stock opened at $2.00 on Tuesday. The stock has a market cap of $2.56 million, a price-to-earnings ratio of 0.00 and a beta of 1.56. The business’s fifty day moving average is $4.51 and its 200 day moving average is $30.73. Wheeler Real Estate Investment Trust has a twelve month low of $0.64 and a twelve month high of $1,494.00.

About Wheeler Real Estate Investment Trust

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.