Short Interest in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Increases By 71.2%

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the recipient of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 25,208 shares, a growth of 71.2% from the August 15th total of 14,727 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,993 shares, the days-to-cover ratio is presently 1.7 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Mackenzie Realty Capital from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Mackenzie Realty Capital Price Performance

Shares of MKZR stock traded down $0.06 during trading hours on Wednesday, reaching $1.37. 4,511 shares of the company were exchanged, compared to its average volume of 38,552. Mackenzie Realty Capital has a fifty-two week low of $0.83 and a fifty-two week high of $6.99. The stock’s fifty day moving average is $1.50 and its two-hundred day moving average is $2.38. The company has a market cap of $3.10 million, a price-to-earnings ratio of -0.22 and a beta of -0.46.

Insider Transactions at Mackenzie Realty Capital

In other news, CEO Robert E. Dixon bought 23,400 shares of the business’s stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $1.60 per share, for a total transaction of $37,440.00. Following the completion of the purchase, the chief executive officer owned 100,000 shares of the company’s stock, valued at approximately $160,000. The trade was a 30.55% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer Glen W. Fuller bought 23,400 shares of Mackenzie Realty Capital stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $1.60 per share, for a total transaction of $37,440.00. Following the completion of the acquisition, the treasurer directly owned 100,000 shares in the company, valued at $160,000. This represents a 30.55% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 100,200 shares of company stock valued at $160,020. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Mackenzie Realty Capital stock. Concorde Asset Management LLC raised its holdings in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) by 40.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 38,250 shares of the company’s stock after acquiring an additional 11,010 shares during the quarter. Concorde Asset Management LLC owned about 1.69% of Mackenzie Realty Capital worth $139,000 as of its most recent SEC filing.

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.