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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 88,277 shares, a growth of 77.5% from the June 30th total of 49,725 shares. Currently, 6.1% of the shares of the company are sold short. Based on an average daily trading volume, of 4,943,288 shares, the days-to-cover ratio is currently 0.0 days.

Insider Buying and Selling

In other Wheeler Real Estate Investment Trust news, major shareholder Financial Lp Hrt sold 13,316 shares of Wheeler Real Estate Investment Trust stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $2.45, for a total value of $32,624.20. Following the transaction, the insider directly owned 19,078 shares of the company’s stock, valued at $46,741.10. The trade was a 41.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders purchased 20,396 shares of company stock valued at $77,335. Insiders own 51.93% of the company’s stock.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in shares of Wheeler Real Estate Investment Trust in the 4th quarter valued at $62,000. HRT Financial LP acquired a new stake in shares of Wheeler Real Estate Investment Trust during the 4th quarter valued at about $38,000. Finally, Bank of America Corp DE acquired a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at about $80,000. Institutional investors and hedge funds own 35.28% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Monday, July 6th. Wall Street Zen raised shares of 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, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Stock Down 28.1%

Wheeler Real Estate Investment Trust stock opened at $0.94 on Thursday. The business has a 50 day moving average price of $33.11 and a two-hundred day moving average price of $273.76. Wheeler Real Estate Investment Trust has a 12 month low of $0.91 and a 12 month high of $7,182.00. The stock has a market cap of $566,670.60, a price-to-earnings ratio of -0.00 and a beta of 1.08.

Wheeler Real Estate Investment Trust Company Profile

Wheeler Real Estate Investment Trust, Inc is a publicly traded real estate investment trust focused on the acquisition, ownership and management of single-tenant, operationally essential real estate in the United States. The company targets free-standing properties leased to creditworthy tenants under long-term net leases, providing predictable income streams and capital preservation. Its portfolio spans a broad range of retail, service and light industrial properties, with an emphasis on assets where tenants are responsible for property taxes, insurance and maintenance.

The trust’s assets are primarily concentrated in consumer-oriented businesses such as discount retailers, quick-service restaurants and healthcare services, among others.