Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Down 87.3% in September

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the recipient of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 57,700 shares, a decline of 87.3% from the August 31st total of 454,100 shares. Based on an average daily volume of 336,800 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 336,800 shares, the short-interest ratio is currently 0.2 days.

Wheeler Real Estate Investment Trust Stock Performance

Shares of NASDAQ WHLR opened at $6.09 on Thursday. Wheeler Real Estate Investment Trust has a 1 year low of $3.22 and a 1 year high of $3,762.00. The firm has a market cap of $5.79 million, a P/E ratio of 0.00 and a beta of 1.36. The stock has a fifty day moving average price of $10.92 and a two-hundred day moving average price of $39.75.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Saturday, September 20th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Bank of America Corp DE purchased a new position in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,180 shares of the real estate investment trust’s stock, valued at approximately $80,000. Bank of America Corp DE owned approximately 1.03% of Wheeler Real Estate Investment Trust at the end of the most recent quarter. 35.28% of the stock is owned by institutional investors and hedge funds.

About Wheeler Real Estate Investment Trust

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.