Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Stock Short Interest Declines 37.4%

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 7,931 shares, a drop of 37.4% from the September 30th total of 12,666 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 16,172 shares, the short-interest ratio is presently 0.5 days.

Mackenzie Realty Capital Trading Up 6.7%

Shares of NASDAQ MKZR traded up $0.07 during midday trading on Tuesday, reaching $1.11. 1,352 shares of the stock were exchanged, compared to its average volume of 34,407. The business has a 50-day simple moving average of $1.34 and a two-hundred day simple moving average of $2.46. The company has a market capitalization of $3.07 million, a price-to-earnings ratio of -0.12 and a beta of -0.45. Mackenzie Realty Capital has a 12 month low of $0.83 and a 12 month high of $5.60. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.08 and a quick ratio of 0.08.

Insider Buying and Selling

In other Mackenzie Realty Capital news, Treasurer Glen W. Fuller bought 23,400 shares of the business’s stock in a transaction on Monday, August 10th. The shares were bought at an average cost of $1.60 per share, for a total transaction of $37,440.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert E. Dixon bought 23,400 shares of the business’s stock in a transaction on Monday, August 10th. The shares were acquired at an average price of $1.60 per share, for a total transaction of $37,440.00. Following the completion of the transaction, the chief executive officer owned 100,000 shares in the company, valued at approximately $160,000. This trade represents a 30.55% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 100,200 shares of company stock worth $160,020 over the last three months. 9.00% of the stock is currently owned by company insiders.

Institutional Trading of Mackenzie Realty Capital

A hedge fund recently bought a new position in Mackenzie Realty Capital stock. NFSG Corp bought a new position in shares of Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 23,609 shares of the company’s stock, valued at approximately $31,000. NFSG Corp owned approximately 0.85% of Mackenzie Realty Capital at the end of the most recent quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Mackenzie Realty Capital from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, October 2nd. One 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