Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRD) Sees Large Drop in Short Interest

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRD) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 23,700 shares, a drop of 25.5% from the March 31st total of 31,800 shares. Based on an average daily trading volume, of 9,500 shares, the short-interest ratio is presently 2.5 days.

Wheeler Real Estate Investment Trust Price Performance

WHLRD opened at $15.61 on Friday. The business has a fifty day simple moving average of $14.92 and a 200-day simple moving average of $14.15. Wheeler Real Estate Investment Trust has a fifty-two week low of $9.50 and a fifty-two week high of $16.20.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

An institutional investor recently bought a new position in Wheeler Real Estate Investment Trust stock. Cable Car Capital LLC acquired a new position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 138,745 shares of the company’s stock, valued at approximately $1,808,000. Wheeler Real Estate Investment Trust makes up approximately 2.0% of Cable Car Capital LLC’s investment portfolio, making the stock its 17th largest holding.

Wheeler Real Estate Investment Trust Company Profile

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.