Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Down 24.9% in March

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 7,581 shares, a decrease of 24.9% from the February 26th total of 10,100 shares. Based on an average daily trading volume, of 30,907 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the company’s stock are sold short.

Analyst Ratings Changes

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

Institutional Trading of Mackenzie Realty Capital

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings 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 purchasing an additional 2,530 shares during the last quarter. Concorde Asset Management LLC increased its stake in Mackenzie Realty Capital by 14.1% in the 4th quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock valued at $111,000 after buying an additional 3,360 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Mackenzie Realty Capital during the 3rd quarter worth approximately $58,000. Jane Street Group LLC bought a new position in shares of Mackenzie Realty Capital during the 4th quarter worth approximately $93,000. Finally, Quinn Opportunity Partners LLC purchased a new position in shares of Mackenzie Realty Capital in the 4th quarter worth approximately $168,000.

Mackenzie Realty Capital Price Performance

Shares of MKZR stock traded up $0.04 during trading hours on Tuesday, reaching $3.64. The company had a trading volume of 9,078 shares, compared to its average volume of 26,875. Mackenzie Realty Capital has a 12 month low of $3.26 and a 12 month high of $16.90. The business has a fifty day simple moving average of $3.96 and a 200-day simple moving average of $4.44. The company has a market cap of $7.16 million, a price-to-earnings ratio of -0.37 and a beta of -1.15.

Mackenzie Realty Capital (NASDAQ:MKZR) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($2.97) earnings per share (EPS) for the quarter. The company had revenue of $4.83 million for the quarter. Mackenzie Realty Capital had a negative return on equity of 23.62% and a negative net margin of 122.81%.

Mackenzie Realty Capital Company Profile

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.