Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Stock Short Interest Declines 37.4%

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totaling 7,931 shares, a decrease of 37.4% from the September 30th total of 12,666 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 16,172 shares, the short-interest ratio is currently 0.5 days.

Insider Transactions at Mackenzie Realty Capital

In other news, CEO Robert E. Dixon acquired 23,400 shares of the business’s stock in a transaction on Monday, August 10th. The stock was bought at an average price of $1.60 per share, with a total value of $37,440.00. Following the completion of the acquisition, the chief executive officer owned 100,000 shares of the company’s stock, valued at approximately $160,000. This represents a 30.55% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Charles E. Patterson II purchased 23,400 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was bought at an average cost of $1.60 per share, for a total transaction of $37,440.00. Following the purchase, the general counsel directly owned 100,000 shares in the company, valued at $160,000. This trade represents a 30.55% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 100,200 shares of company stock worth $160,020 over the last 90 days. 9.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Mackenzie Realty Capital

A hedge fund recently bought a new position in Mackenzie Realty Capital stock. NFSG Corp purchased a new stake in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 23,609 shares of the company’s stock, valued at approximately $31,000. NFSG Corp owned approximately 0.85% of Mackenzie Realty Capital at the end of the most recent quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Mackenzie Realty Capital from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Mackenzie Realty Capital Stock Up 5.3%

MKZR traded up $0.06 on Monday, reaching $1.08. The company’s stock had a trading volume of 2,551 shares, compared to its average volume of 34,550. The stock has a 50 day moving average of $1.35 and a two-hundred day moving average of $2.48. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.01 million, a price-to-earnings ratio of -0.11 and a beta of -0.37. Mackenzie Realty Capital has a fifty-two week low of $0.83 and a fifty-two week high of $5.60.

Mackenzie Realty Capital Company Profile