Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Shares Shorted: Short Interest Down 54.3% in September

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 258,807 shares, a decrease of 54.3% from the August 31st total of 566,046 shares. Currently, 94.8% of the company’s stock are short sold. Based on an average daily volume of 1,272,288 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on WHLR shares. Weiss Ratings raised shares of Wheeler Real Estate Investment Trust from a “sell (d-)” rating to a “sell (d)” rating in a report on Wednesday, August 26th. Wall Street Zen raised Wheeler Real Estate Investment Trust to a “hold” rating in a report on Saturday, July 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Performance

Wheeler Real Estate Investment Trust stock traded down $0.78 during mid-day trading on Tuesday, hitting $3.31. 213,162 shares of the company traded hands, compared to its average volume of 730,346. The stock has a fifty day moving average price of $14.90 and a 200-day moving average price of $2,828.55. The stock has a market cap of $1.89 million, a price-to-earnings ratio of -0.00 and a beta of 1.05. Wheeler Real Estate Investment Trust has a one year low of $1.65 and a one year high of $87,480.00.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $314.82 earnings per share for the quarter. Wheeler Real Estate Investment Trust had a net margin of 14.99% and a negative return on equity of 186.97%. The firm had revenue of $22.48 million for the quarter.

Insider Activity

In related news, major shareholder Financial Lp Hrt sold 369 shares of the firm’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $88.20, for a total transaction of $32,545.80. Following the transaction, the insider directly owned 529 shares of the company’s stock, valued at $46,657.80. This trade represents a 41.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders purchased a total of 2,586 shares of company stock worth $50,118 over the last 90 days. 51.93% of the stock is owned by insiders.

Wheeler Real Estate Investment Trust Company Profile

Wheeler Real Estate Investment Trust, Inc is a real estate investment trust focused on the ownership, acquisition, leasing and management of income-producing retail properties. The company’s portfolio has historically been concentrated in grocery-anchored shopping centers, where supermarkets serve as primary tenants and attract customers to complementary retailers such as restaurants, service providers and specialty stores.

Wheeler Real Estate Investment Trust has generally targeted retail properties in secondary and smaller markets, with a geographic emphasis on the southeastern and Mid-Atlantic regions of the United States.