Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Sees Significant Drop in Short Interest

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) saw a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 16,858 shares, a drop of 28.9% from the December 31st total of 23,713 shares. Based on an average daily volume of 82,483 shares, the short-interest ratio is presently 0.2 days. Approximately 1.0% of the shares of the company are short sold. Approximately 1.0% of the shares of the company are short sold. Based on an average daily volume of 82,483 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Friday, January 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Trading of Mackenzie Realty Capital

A number of hedge funds have recently bought and sold shares of the stock. Savvy Advisors Inc. grew its position in Mackenzie Realty Capital by 494.1% in the 2nd quarter. Savvy Advisors Inc. now owns 87,133 shares of the company’s stock worth $58,000 after purchasing an additional 72,467 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Mackenzie Realty Capital during the third quarter valued at about $58,000. Legacy Wealth Managment LLC ID lifted its stake in shares of Mackenzie Realty Capital by 7.1% in the second 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 grew its position in Mackenzie Realty Capital by 1.6% during 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 in the last quarter.

Mackenzie Realty Capital Stock Down 3.4%

MKZR opened at $4.31 on Friday. The firm has a market capitalization of $7.98 million, a P/E ratio of -0.40 and a beta of -1.16. The stock’s 50 day moving average price is $4.20 and its two-hundred day moving average price is $5.00. Mackenzie Realty Capital has a 12-month low of $3.26 and a 12-month high of $31.80.

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

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.