Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Shares Shorted: Short Interest Down 54.3% in September

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 258,807 shares, a drop of 54.3% from the August 31st total of 566,046 shares. Approximately 94.8% of the company’s shares are short sold. Based on an average trading volume of 1,272,288 shares, the short-interest ratio is currently 0.2 days.

Wheeler Real Estate Investment Trust Trading Down 18.4%

NASDAQ WHLR traded down $0.95 during trading on Monday, hitting $4.25. The company had a trading volume of 293,221 shares, compared to its average volume of 731,521. Wheeler Real Estate Investment Trust has a one year low of $1.65 and a one year high of $89,812.80. The company has a market cap of $2.42 million, a price-to-earnings ratio of -0.00 and a beta of 1.05. The company’s fifty day moving average is $16.00 and its 200-day moving average is $2,924.05.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported $314.82 earnings per share for the quarter. The firm had revenue of $22.48 million for the quarter. Wheeler Real Estate Investment Trust had a net margin of 14.99% and a negative return on equity of 186.97%.

Insider Activity

In other Wheeler Real Estate Investment Trust news, major shareholder Financial Lp Hrt sold 369 shares of the business’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $88.20, for a total value of $32,545.80. Following the transaction, the insider owned 529 shares in the company, valued at approximately $46,657.80. The trade was a 41.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought a total of 2,724 shares of company stock valued at $84,398 in the last 90 days. 51.93% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

WHLR has been the topic of several recent analyst reports. Wall Street Zen raised Wheeler Real Estate Investment Trust to a “hold” rating in a research note on Saturday, July 4th. Weiss Ratings raised Wheeler Real Estate Investment Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Wheeler Real Estate Investment Trust has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Company Profile

Wheeler Real Estate Investment Trust, Inc is a real estate investment trust focused on the ownership, acquisition, leasing and management of income-producing retail properties. The company’s portfolio has historically been concentrated in grocery-anchored shopping centers, where supermarkets serve as primary tenants and attract customers to complementary retailers such as restaurants, service providers and specialty stores.

Wheeler Real Estate Investment Trust has generally targeted retail properties in secondary and smaller markets, with a geographic emphasis on the southeastern and Mid-Atlantic regions of the United States.