Short Interest in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Increases By 71.2%

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) saw a significant increase in short interest in August. As of August 31st, there was short interest totaling 25,208 shares, an increase of 71.2% from the August 15th total of 14,727 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average trading volume of 14,993 shares, the short-interest ratio is currently 1.7 days.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Mackenzie Realty Capital from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Mackenzie Realty Capital presently has an average rating of “Sell”.

Insiders Place Their Bets

In related news, CEO Robert E. Dixon acquired 23,400 shares of the stock in a transaction dated Monday, August 10th. The stock was acquired at an average cost of $1.60 per share, with a total value of $37,440.00. Following the purchase, the chief executive officer directly owned 100,000 shares of the company’s stock, valued at approximately $160,000. This trade represents a 30.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Treasurer Glen W. Fuller bought 23,400 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $1.60 per share, with a total value of $37,440.00. Following the acquisition, the treasurer owned 100,000 shares in the company, valued at approximately $160,000. This trade represents a 30.55% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 100,200 shares of company stock valued at $160,020 over the last ninety days. 6.30% of the stock is owned by insiders.

Institutional Trading of Mackenzie Realty Capital

An institutional investor recently raised its stake in Mackenzie Realty Capital stock. Concorde Asset Management LLC lifted its position in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) by 40.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,250 shares of the company’s stock after purchasing an additional 11,010 shares during the period. Concorde Asset Management LLC owned 1.69% of Mackenzie Realty Capital worth $139,000 at the end of the most recent quarter.

Mackenzie Realty Capital Stock Up 2.9%

MKZR stock traded up $0.04 during trading on Thursday, hitting $1.41. The company had a trading volume of 2,084 shares, compared to its average volume of 38,347. Mackenzie Realty Capital has a 52-week low of $0.83 and a 52-week high of $6.72. The company has a 50 day simple moving average of $1.50 and a 200-day simple moving average of $2.36. The firm has a market capitalization of $3.19 million, a P/E ratio of -0.23 and a beta of -0.46.

About Mackenzie Realty Capital

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.