Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Up 179.1% in May

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 22,394 shares, an increase of 179.1% from the April 30th total of 8,024 shares. Approximately 1.1% of the company’s shares are short sold. Based on an average trading volume of 26,953 shares, the short-interest ratio is currently 0.8 days.

Mackenzie Realty Capital Stock Performance

NASDAQ MKZR traded up $0.03 during trading on Friday, hitting $2.38. The stock had a trading volume of 7,758 shares, compared to its average volume of 18,889. The stock has a market capitalization of $5.38 million, a price-to-earnings ratio of -0.39 and a beta of -1.05. Mackenzie Realty Capital has a one year low of $2.22 and a one year high of $16.90. The stock has a 50 day simple moving average of $3.07 and a 200 day simple moving average of $3.74.

Mackenzie Realty Capital (NASDAQ:MKZR) last announced its quarterly earnings data on Friday, May 15th. The company reported ($0.98) earnings per share (EPS) for the quarter. The firm had revenue of $6.13 million during the quarter. Mackenzie Realty Capital had a negative return on equity of 18.99% and a negative net margin of 90.30%.

Insider Buying and Selling

In related news, CEO Robert E. Dixon purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The stock was bought at an average price of $3.50 per share, for a total transaction of $35,000.00. Following the completion of the transaction, the chief executive officer owned 54,241 shares in the company, valued at approximately $189,843.50. The trade was a 22.60% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 6.30% of the company’s stock.

Institutional Trading of Mackenzie Realty Capital

Several institutional investors have recently added to or reduced their stakes in MKZR. Quinn Opportunity Partners LLC bought a new stake in Mackenzie Realty Capital in the fourth quarter worth about $168,000. Jane Street Group LLC bought a new stake in Mackenzie Realty Capital in the fourth quarter worth about $93,000. Citadel Advisors LLC bought a new stake in Mackenzie Realty Capital in the third quarter worth about $58,000. Geode Capital Management LLC lifted its stake in Mackenzie Realty Capital by 33.1% in the fourth quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock worth $87,000 after purchasing an additional 5,331 shares during the last quarter. Finally, Concorde Asset Management LLC lifted its stake in Mackenzie Realty Capital by 14.1% in the fourth quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock worth $111,000 after purchasing an additional 3,360 shares during the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Mackenzie Realty Capital currently has an average rating of “Sell”.

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.