Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Update

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 88,277 shares, an increase of 77.5% from the June 30th total of 49,725 shares. Based on an average daily trading volume, of 4,943,288 shares, the short-interest ratio is currently 0.0 days. Approximately 6.1% of the shares of the stock are short sold.

Wheeler Real Estate Investment Trust Trading Down 26.2%

Shares of NASDAQ WHLR opened at $0.69 on Friday. Wheeler Real Estate Investment Trust has a 12-month low of $0.66 and a 12-month high of $7,182.00. The firm’s 50-day moving average price is $31.06 and its 200-day moving average price is $270.43. The stock has a market capitalization of $420,900.00, a price-to-earnings ratio of -0.00 and a beta of 1.08.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on WHLR shares. Wall Street Zen raised Wheeler Real Estate Investment Trust to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Monday, July 6th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Insiders Place Their Bets

In other Wheeler Real Estate Investment Trust news, major shareholder Financial Lp Hrt sold 13,316 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $2.45, for a total transaction of $32,624.20. Following the completion of the transaction, the insider owned 19,078 shares in the company, valued at $46,741.10. This trade represents a 41.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders purchased 20,396 shares of company stock worth $77,335. Company insiders own 51.93% of the company’s stock.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in shares of Wheeler Real Estate Investment Trust in the 4th quarter valued at approximately $62,000. HRT Financial LP purchased a new position in Wheeler Real Estate Investment Trust during the fourth quarter worth $38,000. Finally, Bank of America Corp DE bought a new position in Wheeler Real Estate Investment Trust during the second quarter valued at $80,000. 35.28% of the stock is currently owned by hedge funds and other institutional investors.

About Wheeler Real Estate Investment Trust

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.