Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Up 584.6% in August

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 566,046 shares, an increase of 584.6% from the August 15th total of 82,688 shares. Approximately 152.6% of the shares of the stock are sold short. Based on an average trading volume of 5,116,596 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Weiss Ratings raised Wheeler Real Estate Investment Trust from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, August 26th. Wall Street Zen raised Wheeler Real Estate Investment Trust to a “hold” rating in a research note on Saturday, July 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Price Performance

Shares of Wheeler Real Estate Investment Trust stock opened at $0.37 on Friday. Wheeler Real Estate Investment Trust has a fifty-two week low of $0.33 and a fifty-two week high of $18,648.00. The firm has a market capitalization of $287,364.00, a P/E ratio of -0.00 and a beta of 1.05. The company’s 50 day moving average price is $3.89 and its two-hundred day moving average price is $458.69.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $34.98 earnings per share (EPS) for the quarter. Wheeler Real Estate Investment Trust had a net margin of 14.99% and a negative return on equity of 186.97%. The company had revenue of $22.48 million during the quarter.

Insider Buying and Selling at Wheeler Real Estate Investment Trust

In other news, major shareholder Financial Lp Hrt sold 3,329 shares of the stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $9.80, for a total transaction of $32,624.20. Following the sale, the insider directly owned 4,769 shares of the company’s stock, valued at approximately $46,736.20. This represents a 41.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders acquired 24,547 shares of company stock worth $84,765. Corporate insiders own 51.93% of the company’s stock.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE acquired a new stake in shares of Wheeler Real Estate Investment Trust during the second quarter valued at about $80,000. Jane Street Group LLC bought a new stake in shares of Wheeler Real Estate Investment Trust during the fourth quarter worth about $62,000. Finally, HRT Financial LP bought a new stake in shares of Wheeler Real Estate Investment Trust during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 35.28% of the company’s stock.

Wheeler Real Estate Investment Trust Company Profile

Wheeler Real Estate Investment Trust, Inc is a publicly traded real estate investment trust focused on the acquisition, ownership and management of single-tenant, operationally essential real estate in the United States. The company targets free-standing properties leased to creditworthy tenants under long-term net leases, providing predictable income streams and capital preservation. Its portfolio spans a broad range of retail, service and light industrial properties, with an emphasis on assets where tenants are responsible for property taxes, insurance and maintenance.

The trust’s assets are primarily concentrated in consumer-oriented businesses such as discount retailers, quick-service restaurants and healthcare services, among others.