Modiv Industrial, Inc. (NYSE:MDV – Get Free Report) saw a significant 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. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 34,600 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Investors Weigh In On Modiv Industrial
Several large investors have recently modified their holdings of MDV. Daiwa Securities Group Inc. bought a new position in Modiv Industrial during the third quarter worth $45,000. Resona Asset Management Co. Ltd. bought a new position in Modiv Industrial during the fourth quarter worth $50,000. Barclays PLC bought a new position in Modiv Industrial during the third quarter worth $87,000. Hollencrest Capital Management bought a new position in Modiv Industrial during the third quarter worth $90,000. Finally, TT Capital Management LLC bought a new position in Modiv Industrial during the fourth quarter worth $158,000. 8.21% of the stock is currently owned by institutional investors and hedge funds.
Modiv Industrial Price Performance
Shares of MDV traded up $0.39 during trading hours on Friday, hitting $15.26. 35,536 shares of the stock were exchanged, compared to its average volume of 32,178. Modiv Industrial has a fifty-two week low of $13.69 and a fifty-two week high of $18.11. The business has a 50-day moving average of $14.90 and a 200-day moving average of $15.80. The firm has a market capitalization of $147.20 million, a P/E ratio of -138.73 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.
Read More
- Five stocks we like better than Modiv Industrial
- Why is the Ex-Dividend Date Significant to Investors?
- Chaos and Cash: Finding Opportunity in Volatility
- Insider Buying Explained: What Investors Need to Know
- Realty Income: An Anchor in Volatile Markets
- Consumer Staples Stocks, Explained
- Autodesk Designs Value for Investors: Uptrend Set to Continue
Receive News & Ratings for Modiv Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Modiv Industrial and related companies with MarketBeat.com's FREE daily email newsletter.
