Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Update

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 7,581 shares, a decline of 24.9% from the February 26th total of 10,100 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,907 shares, the days-to-cover ratio is presently 0.2 days.

Mackenzie Realty Capital Stock Performance

NASDAQ MKZR opened at $3.75 on Friday. The firm’s fifty day moving average price is $3.99 and its two-hundred day moving average price is $4.46. The stock has a market cap of $7.39 million, a PE ratio of -0.38 and a beta of -1.15. Mackenzie Realty Capital has a fifty-two week low of $3.26 and a fifty-two week high of $16.90.

Mackenzie Realty Capital (NASDAQ:MKZR) last announced its quarterly earnings results on Tuesday, February 17th. The company reported ($2.97) EPS for the quarter. Mackenzie Realty Capital had a negative net margin of 122.81% and a negative return on equity of 23.62%. The firm had revenue of $4.83 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Hedge Funds Weigh In On Mackenzie Realty Capital

Several large investors have recently bought and sold shares of MKZR. Citadel Advisors LLC bought a new stake in shares of Mackenzie Realty Capital during the third quarter worth about $58,000. Geode Capital Management LLC raised its holdings in Mackenzie Realty Capital by 33.1% in the 4th quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock valued at $87,000 after buying an additional 5,331 shares during the last quarter. Jane Street Group LLC acquired a new stake in Mackenzie Realty Capital during the 4th quarter worth approximately $93,000. Concorde Asset Management LLC grew its holdings in Mackenzie Realty Capital by 14.1% during the 4th quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock worth $111,000 after acquiring an additional 3,360 shares during the last quarter. Finally, Quinn Opportunity Partners LLC bought a new stake in Mackenzie Realty Capital during the 4th quarter worth approximately $168,000.

About Mackenzie Realty Capital

Mackenzie Realty Capital, Inc (NASDAQ:MKZR) is a real estate finance company that focuses on originating, acquiring and managing a diversified portfolio of real estate credit investments. The company’s offerings include first-lien mortgage loans, B-notes, mezzanine financing and short-term bridge loans secured by residential and small multifamily properties. By emphasizing collateral quality and short-to-medium-term maturities, Mackenzie Realty Capital aims to generate stable income streams and attractive risk-adjusted returns.

Since its initial public offering, Mackenzie Realty Capital has deployed capital across a variety of property types, including single-family rental communities, garden-style apartment complexes and mixed-use developments.