Short Interest in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Expands By 365.7%

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 10,916 shares, an increase of 365.7% from the November 30th total of 2,344 shares. Based on an average daily volume of 53,407 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.6% of the shares of the stock are short sold. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily volume of 53,407 shares, the days-to-cover ratio is presently 0.2 days.

Insider Transactions at Mackenzie Realty Capital

In related news, Portfolio Manager Christine Elizabeth Simpson bought 14,000 shares of the stock in a transaction dated Thursday, October 2nd. The shares were acquired at an average cost of $5.06 per share, for a total transaction of $70,840.00. Following the acquisition, the portfolio manager directly owned 85,855 shares in the company, valued at approximately $434,426.30. This trade represents a 19.48% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Treasurer Glen W. Fuller acquired 14,000 shares of Mackenzie Realty Capital stock in a transaction that occurred on Thursday, October 2nd. The shares were bought at an average price of $5.06 per share, for a total transaction of $70,840.00. Following the transaction, the treasurer owned 85,855 shares of the company’s stock, valued at $434,426.30. This represents a 19.48% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 66,946 shares of company stock worth $331,798. Company insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Mackenzie Realty Capital

Several institutional investors and hedge funds have recently modified their holdings of the company. Savvy Advisors Inc. grew its position in Mackenzie Realty Capital by 494.1% in the 2nd quarter. Savvy Advisors Inc. now owns 87,133 shares of the company’s stock valued at $58,000 after acquiring an additional 72,467 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Mackenzie Realty Capital in the third quarter valued at approximately $58,000. Legacy Wealth Managment LLC ID grew its holdings in shares of Mackenzie Realty Capital by 7.1% in the second quarter. Legacy Wealth Managment LLC ID now owns 125,366 shares of the company’s stock valued at $84,000 after purchasing an additional 8,268 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Mackenzie Realty Capital by 1.6% in the second quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock valued at $104,000 after purchasing an additional 2,530 shares in the last quarter. Finally, Concorde Asset Management LLC increased its stake in Mackenzie Realty Capital by 313.4% during the 1st quarter. Concorde Asset Management LLC now owns 98,100 shares of the company’s stock worth $147,000 after buying an additional 74,372 shares during the period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Mackenzie Realty Capital Stock Performance

Mackenzie Realty Capital stock opened at $3.89 on Thursday. The company’s 50 day simple moving average is $4.44 and its 200-day simple moving average is $5.44. Mackenzie Realty Capital has a 1 year low of $3.26 and a 1 year high of $42.70. The company has a market capitalization of $7.20 million and a price-to-earnings ratio of -0.36.

Mackenzie Realty Capital (NASDAQ:MKZR) last posted its quarterly earnings data on Monday, September 29th. The company reported ($7.86) earnings per share for the quarter. The company had revenue of $2.38 million for the quarter.

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.