Modiv Industrial, Inc. (NYSE:MDV) Short Interest Update

Modiv Industrial, Inc. (NYSE:MDV) was the recipient of a large decrease in short interest in the month of February. As of February 15th, there was short interest totalling 14,100 shares, a decrease of 49.3% from the January 31st total of 27,800 shares. Based on an average daily trading volume, of 34,600 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Man Group plc purchased a new position in shares of Modiv Industrial in the fourth quarter worth $175,000. Millennium Management LLC increased its holdings in Modiv Industrial by 154.1% in the 4th quarter. Millennium Management LLC now owns 38,344 shares of the company’s stock valued at $571,000 after acquiring an additional 23,251 shares during the last quarter. 683 Capital Management LLC purchased a new stake in Modiv Industrial in the 4th quarter worth $321,000. Jane Street Group LLC bought a new position in shares of Modiv Industrial during the 4th quarter valued at about $295,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Modiv Industrial during the fourth quarter valued at about $175,000. Institutional investors own 8.21% of the company’s stock.

Modiv Industrial Price Performance

Modiv Industrial stock traded up $0.20 during mid-day trading on Monday, reaching $15.41. 27,693 shares of the stock traded hands, compared to its average volume of 32,065. Modiv Industrial has a 12-month low of $13.69 and a 12-month high of $18.11. The business’s 50-day moving average is $14.90 and its 200-day moving average is $15.80. The stock has a market capitalization of $148.62 million, a PE ratio of -140.06 and a beta of -0.21.

Modiv Industrial Company Profile

Modiv Industrial, Inc is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.