Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Sees Large Decline in Short Interest

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the target of a significant drop in short interest in January. As of January 30th, there was short interest totaling 9,862 shares, a drop of 41.5% from the January 15th total of 16,858 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,234 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 15,234 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.6% of the shares of the stock are sold short.

Mackenzie Realty Capital Stock Down 0.5%

Shares of MKZR stock traded down $0.02 during mid-day trading on Friday, reaching $3.88. 9,130 shares of the stock traded hands, compared to its average volume of 36,343. The company has a market cap of $7.18 million, a price-to-earnings ratio of -0.36 and a beta of -1.11. The stock’s fifty day simple moving average is $4.21 and its two-hundred day simple moving average is $4.83. Mackenzie Realty Capital has a 1-year low of $3.26 and a 1-year high of $31.80.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MKZR. Savvy Advisors Inc. increased its holdings in Mackenzie Realty Capital by 494.1% during the 2nd quarter. Savvy Advisors Inc. now owns 87,133 shares of the company’s stock worth $58,000 after purchasing an additional 72,467 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Mackenzie Realty Capital during the third quarter valued at approximately $58,000. Legacy Wealth Managment LLC ID grew its holdings in Mackenzie Realty Capital by 7.1% during the second quarter. Legacy Wealth Managment LLC ID now owns 125,366 shares of the company’s stock worth $84,000 after buying an additional 8,268 shares in the last quarter. Geode Capital Management LLC raised its position in Mackenzie Realty Capital by 33.1% in the 4th quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock valued at $87,000 after buying an additional 5,331 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Mackenzie Realty Capital during the 4th quarter valued at $93,000.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research note on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Mackenzie Realty Capital presently has an average rating of “Sell”.

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.