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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 202,300 shares, a growth of 28.4% from the September 15th total of 157,600 shares. Based on an average trading volume of 1,850,000 shares, the short-interest ratio is currently 0.1 days. Approximately 32.4% of the shares of the stock are short sold.

Wheeler Real Estate Investment Trust Price Performance

Wheeler Real Estate Investment Trust stock traded down $1.13 during midday trading on Tuesday, reaching $10.99. The company had a trading volume of 131,566 shares, compared to its average volume of 654,701. Wheeler Real Estate Investment Trust has a 12-month low of $2.90 and a 12-month high of $705.60. The company has a market capitalization of $6.23 million, a P/E ratio of 0.00 and a beta of 1.61. The firm’s fifty day simple moving average is $6.35 and its 200-day simple moving average is $11.60.

Insider Activity

In related news, major shareholder Magnolia Capital Fund, Lp sold 9,380 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $20.48, for a total value of $192,102.40. Following the completion of the transaction, the insider now owns 261,326 shares of the company’s stock, valued at approximately $5,351,956.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 49,336 shares of company stock worth $967,782 in the last ninety days. Company insiders own 40.62% of the company’s stock.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

A hedge fund recently raised its stake in Wheeler Real Estate Investment Trust stock. Stilwell Value LLC boosted its position in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) by 62.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,912,371 shares of the real estate investment trust’s stock after purchasing an additional 13,041,184 shares during the quarter. Wheeler Real Estate Investment Trust comprises approximately 4.0% of Stilwell Value LLC’s investment portfolio, making the stock its 4th largest 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. 35.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Wheeler Real Estate Investment Trust in a research report 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.