Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Down 71.7% in June

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the target of a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 49,725 shares, a decrease of 71.7% from the June 15th total of 175,592 shares. Based on an average daily trading volume, of 681,547 shares, the short-interest ratio is presently 0.1 days. Approximately 18.8% of the company’s shares are short sold.

Insider Activity at Wheeler Real Estate Investment Trust

In other Wheeler Real Estate Investment Trust news, major shareholder Magnetar Financial Llc sold 1,816 shares of Wheeler Real Estate Investment Trust stock in a transaction on Monday, April 13th. The shares were sold at an average price of $41.28, for a total transaction of $74,964.48. Following the completion of the sale, the insider owned 167 shares of the company’s stock, valued at approximately $6,893.76. The trade was a 91.58% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Financial Lp Hrt sold 66,584 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $0.49, for a total transaction of $32,626.16. Following the sale, the insider owned 95,390 shares of the company’s stock, valued at $46,741.10. The trade was a 41.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders purchased 101,989 shares of company stock worth $77,342 and sold 68,567 shares worth $113,857. Corporate insiders own 51.93% of the company’s stock.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Several large investors have recently made changes to their positions in the stock. Bank of America Corp DE acquired a new stake in shares of Wheeler Real Estate Investment Trust during the second quarter worth $80,000. HRT Financial LP acquired a new position in Wheeler Real Estate Investment Trust in the 4th quarter worth $38,000. Finally, Jane Street Group LLC acquired a new position in Wheeler Real Estate Investment Trust in the 4th quarter worth $62,000. Institutional investors own 35.28% of the company’s stock.

Wheeler Real Estate Investment Trust Stock Performance

NASDAQ WHLR traded down $0.02 during trading hours on Friday, reaching $0.41. 2,540,820 shares of the company’s stock were exchanged, compared to its average volume of 2,805,946. The company’s 50-day moving average is $11.59 and its two-hundred day moving average is $62.91. Wheeler Real Estate Investment Trust has a one year low of $0.39 and a one year high of $2,178.22. The company has a market capitalization of $344,232.00, a price-to-earnings ratio of -0.00 and a beta of 1.08.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WHLR. Wall Street Zen raised shares of Wheeler Real Estate Investment Trust to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc is a publicly traded real estate investment trust focused on the acquisition, ownership and management of single-tenant, operationally essential real estate in the United States. The company targets free-standing properties leased to creditworthy tenants under long-term net leases, providing predictable income streams and capital preservation. Its portfolio spans a broad range of retail, service and light industrial properties, with an emphasis on assets where tenants are responsible for property taxes, insurance and maintenance.

The trust’s assets are primarily concentrated in consumer-oriented businesses such as discount retailers, quick-service restaurants and healthcare services, among others.