Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRL) Sees Significant Drop in Short Interest

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRL) was the target of a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 249 shares, a drop of 80.1% from the June 15th total of 1,249 shares. Based on an average daily volume of 406 shares, the days-to-cover ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Thursday, June 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Price Performance

Shares of NASDAQ:WHLRL remained flat at $80.00 during trading on Monday. Wheeler Real Estate Investment Trust has a 12-month low of $78.00 and a 12-month high of $151.50. The firm’s 50-day simple moving average is $80.34 and its two-hundred day simple moving average is $86.67.

Wheeler Real Estate Investment Trust Company Profile

Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRL) is a publicly traded real estate investment trust that acquires and owns single-tenant net leased properties critical to everyday consumer needs. The company’s portfolio is focused on net leased retail assets under long-term, triple-net leases, providing stable rental income while transferring most property-level expenses to tenants.

The trust’s holdings span a diverse range of property types, including restaurants, convenience stores, automotive service centers and other service-oriented businesses.