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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totalling 52,500 shares, a decrease of 74.0% from the September 30th total of 202,300 shares. Currently, 5.3% of the shares of the company are short sold. Based on an average daily trading volume, of 2,010,000 shares, the short-interest ratio is currently 0.0 days.

Insider Buying and Selling at Wheeler Real Estate Investment Trust

In other news, major shareholder Magnolia Capital Fund, Lp sold 3,000 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $19.70, for a total transaction of $59,100.00. Following the completion of the sale, the insider now owns 324,662 shares of the company’s stock, valued at $6,395,841.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 49,336 shares of company stock valued at $967,782. Insiders own 40.62% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Wheeler Real Estate Investment Trust stock. Stilwell Value LLC grew its holdings in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) by 62.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,912,371 shares of the real estate investment trust’s stock after acquiring an additional 13,041,184 shares during the period. Wheeler Real Estate Investment Trust comprises about 4.0% of Stilwell Value LLC’s investment portfolio, making the stock its 4th biggest position. Stilwell Value LLC owned about 49.85% of Wheeler Real Estate Investment Trust worth $5,324,000 at the end of the most recent quarter. Institutional investors and hedge funds own 35.28% of the company’s stock.

Wheeler Real Estate Investment Trust Stock Performance

Shares of NASDAQ WHLR traded down $1.07 during midday trading on Friday, reaching $9.91. The stock had a trading volume of 174,187 shares, compared to its average volume of 644,529. The company has a market capitalization of $5.62 million, a price-to-earnings ratio of 0.00 and a beta of 1.61. Wheeler Real Estate Investment Trust has a 12-month low of $2.90 and a 12-month high of $345.60. The stock has a 50-day moving average of $7.81 and a 200-day moving average of $10.98.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Wheeler Real Estate Investment Trust in a research note on Wednesday, July 3rd. They set a “sell” rating for the company.

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.