Short Interest in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Rises By 77.5%

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 88,277 shares, a growth of 77.5% from the June 30th total of 49,725 shares. Approximately 6.1% of the shares of the company are short sold. Based on an average daily volume of 4,943,288 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WHLR shares. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note 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.com, the company currently has a consensus rating of “Sell”.

Insider Activity at Wheeler Real Estate Investment Trust

In related news, major shareholder Financial Lp Hrt sold 13,316 shares of Wheeler Real Estate Investment Trust stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $2.45, for a total value of $32,624.20. Following the completion of the transaction, the insider directly owned 19,078 shares in the company, valued at approximately $46,741.10. The trade was a 41.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have purchased 20,396 shares of company stock worth $77,335. Corporate insiders own 51.93% of the company’s stock.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. HRT Financial LP purchased a new position in Wheeler Real Estate Investment Trust during the 4th quarter valued at about $38,000. Bank of America Corp DE bought a new position in Wheeler Real Estate Investment Trust in the second quarter worth $80,000. Finally, Jane Street Group LLC purchased a new position in Wheeler Real Estate Investment Trust during the 4th quarter valued at about $62,000. Institutional investors own 35.28% of the company’s stock.

Wheeler Real Estate Investment Trust Stock Performance

WHLR stock opened at $0.59 on Friday. The company has a market capitalization of $549,630.00, a PE ratio of -0.00 and a beta of 1.08. Wheeler Real Estate Investment Trust has a one year low of $0.57 and a one year high of $7,182.00. The company’s 50 day moving average price is $29.25 and its two-hundred day moving average price is $268.55.

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.