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

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 14,727 shares, a growth of 50.1% from the July 30th total of 9,810 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 264,282 shares, the days-to-cover ratio is currently 0.1 days.

Insider Buying and Selling at Mackenzie Realty Capital

In related news, CEO Robert E. Dixon purchased 23,400 shares of the firm’s stock in a transaction dated Monday, August 10th. The stock was bought at an average price of $1.60 per share, for a total transaction of $37,440.00. Following the purchase, the chief executive officer owned 100,000 shares in the company, valued at $160,000. The trade was a 30.55% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, General Counsel Charles E. Patterson II purchased 23,400 shares of the firm’s stock in a transaction dated Monday, August 10th. The shares were bought at an average price of $1.60 per share, with a total value of $37,440.00. Following the purchase, the general counsel owned 100,000 shares in the company, valued at $160,000. This represents a 30.55% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 100,200 shares of company stock worth $160,020 over the last three months. Corporate insiders own 6.30% of the company’s stock.

Institutional Trading of Mackenzie Realty Capital

Several hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC increased its position in Mackenzie Realty Capital by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock worth $104,000 after buying an additional 2,530 shares during the period. Concorde Asset Management LLC boosted its position in shares of Mackenzie Realty Capital by 14.1% in the fourth quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock valued at $111,000 after acquiring an additional 3,360 shares during the period. Citadel Advisors LLC bought a new stake in shares of Mackenzie Realty Capital in the third quarter valued at approximately $58,000. Jane Street Group LLC acquired a new stake in shares of Mackenzie Realty Capital in the fourth quarter worth $93,000. Finally, Quinn Opportunity Partners LLC acquired a new stake in shares of Mackenzie Realty Capital in the fourth quarter worth $168,000.

Mackenzie Realty Capital Stock Performance

Shares of NASDAQ:MKZR traded up $0.02 during midday trading on Tuesday, hitting $1.52. The company’s stock had a trading volume of 2,014 shares, compared to its average volume of 40,370. The stock’s 50 day simple moving average is $1.56 and its 200 day simple moving average is $2.56. The stock has a market capitalization of $3.44 million, a price-to-earnings ratio of -0.25 and a beta of -0.76. Mackenzie Realty Capital has a fifty-two week low of $0.83 and a fifty-two week high of $6.99.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Mackenzie Realty Capital from a “sell (e+)” rating to a “sell (e)” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Mackenzie Realty Capital currently has a consensus rating of “Sell”.

Mackenzie Realty Capital Company Profile

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.