Short Interest in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Drops By 71.7%

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a significant drop in short interest in June. As of June 30th, there was short interest totaling 49,725 shares, a drop of 71.7% from the June 15th total of 175,592 shares. Approximately 18.8% of the shares of the company are short sold. Based on an average trading volume of 681,547 shares, the days-to-cover ratio is currently 0.1 days.

Wheeler Real Estate Investment Trust Stock Down 10.9%

Shares of Wheeler Real Estate Investment Trust stock opened at $0.36 on Tuesday. Wheeler Real Estate Investment Trust has a twelve month low of $0.35 and a twelve month high of $2,117.45. The business has a 50-day moving average price of $11.01 and a 200 day moving average price of $62.24. The firm has a market cap of $306,600.00, a PE ratio of -0.00 and a beta of 1.08.

Insider Transactions at Wheeler Real Estate Investment Trust

In other Wheeler Real Estate Investment Trust news, major shareholder Financial Lp Hrt sold 66,584 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $0.49, for a total value of $32,626.16. Following the completion of the transaction, the insider directly owned 95,390 shares of the company’s stock, valued at approximately $46,741.10. The trade was a 41.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders purchased 101,989 shares of company stock valued at $77,342 over the last three months. Insiders own 51.93% of the company’s stock.

Institutional Trading of Wheeler Real Estate Investment Trust

A number of institutional investors and hedge funds have recently made changes to their positions in WHLR. Jane Street Group LLC acquired a new position in shares of Wheeler Real Estate Investment Trust during the 4th quarter worth approximately $62,000. HRT Financial LP acquired a new stake in Wheeler Real Estate Investment Trust in the 4th quarter valued at $38,000. Finally, Bank of America Corp DE purchased a new stake in Wheeler Real Estate Investment Trust in the 2nd quarter worth $80,000. 35.28% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WHLR has been the subject of several recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Monday, July 6th. Wall Street Zen raised shares of Wheeler Real Estate Investment Trust to a “hold” rating in a report on Saturday, July 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Wheeler Real Estate Investment Trust currently has an average rating of “Sell”.

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.