Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRL) Sees Significant Increase in Short Interest

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRL) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,249 shares, an increase of 3,022.5% from the May 31st total of 40 shares. Based on an average daily volume of 4,281 shares, the short-interest ratio is presently 0.3 days.

Wheeler Real Estate Investment Trust Stock Down 1.2%

Shares of WHLRL traded down $0.91 during midday trading on Thursday, reaching $78.17. The company had a trading volume of 3,990 shares, compared to its average volume of 5,466. Wheeler Real Estate Investment Trust has a 1-year low of $78.00 and a 1-year high of $151.50. The firm has a 50 day simple moving average of $80.58 and a 200-day simple moving average of $87.67.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Thursday, June 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRL) is a publicly traded real estate investment trust that acquires and owns single-tenant net leased properties critical to everyday consumer needs. The company’s portfolio is focused on net leased retail assets under long-term, triple-net leases, providing stable rental income while transferring most property-level expenses to tenants.

The trust’s holdings span a diverse range of property types, including restaurants, convenience stores, automotive service centers and other service-oriented businesses.