Medalist Diversified REIT, Inc. (NASDAQ:MDRR) was the target of a significant decline in short interest in the month of May. As of May 28th, there was short interest totalling 42,000 shares, a decline of 91.6% from the May 13th total of 500,100 shares. Based on an average daily volume of 3,410,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.3% of the shares of the company are short sold.
In other news, major shareholder Ault Global Holdings, Inc. sold 1,480,000 shares of the business’s stock in a transaction that occurred on Thursday, June 10th. The stock was sold at an average price of $1.84, for a total transaction of $2,723,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have bought 19,000 shares of company stock worth $30,700. 7.46% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp acquired a new position in Medalist Diversified REIT in the first quarter worth $50,000. Renaissance Technologies LLC bought a new stake in shares of Medalist Diversified REIT during the fourth quarter worth $54,000. Citadel Advisors LLC raised its position in shares of Medalist Diversified REIT by 150.0% during the first quarter. Citadel Advisors LLC now owns 36,238 shares of the company’s stock worth $74,000 after acquiring an additional 21,742 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Medalist Diversified REIT during the fourth quarter worth $83,000. 4.93% of the stock is currently owned by institutional investors.
About Medalist Diversified REIT
Medalist Diversified REIT Inc is a Maryland corporation formed on September 28, 2015. Beginning with our taxable year ended December 31, 2017, we believe that we have operated in a manner qualifying us as a real estate investment trust (ÂREITÂ), and we have elected to be taxed as a REIT for federal income tax purposes.
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