Short Interest in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Expands By 117.2%

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 23,713 shares, an increase of 117.2% from the December 15th total of 10,916 shares. Based on an average daily volume of 47,207 shares, the short-interest ratio is presently 0.5 days. Currently, 1.4% of the shares of the stock are sold short. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 47,207 shares, the short-interest ratio is presently 0.5 days.

Mackenzie Realty Capital Trading Up 7.8%

Shares of NASDAQ:MKZR traded up $0.34 during midday trading on Friday, hitting $4.70. 18,413 shares of the stock were exchanged, compared to its average volume of 78,160. The company has a 50 day moving average price of $4.19 and a 200-day moving average price of $5.15. The stock has a market cap of $8.70 million, a P/E ratio of -0.44 and a beta of -1.16. Mackenzie Realty Capital has a twelve month low of $3.26 and a twelve month high of $31.80.

Mackenzie Realty Capital (NASDAQ:MKZR) last released its earnings results on Monday, September 29th. The company reported ($7.86) EPS for the quarter. The business had revenue of $2.38 million for the quarter.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC raised its holdings in Mackenzie Realty Capital by 1.6% during 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. Legacy Wealth Managment LLC ID grew its holdings in Mackenzie Realty Capital by 7.1% during the second quarter. Legacy Wealth Managment LLC ID now owns 125,366 shares of the company’s stock valued at $84,000 after purchasing an additional 8,268 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Mackenzie Realty Capital in the third quarter valued at about $58,000. Finally, Savvy Advisors Inc. boosted its position in shares of Mackenzie Realty Capital by 494.1% in the second quarter. Savvy Advisors Inc. now owns 87,133 shares of the company’s stock valued at $58,000 after acquiring an additional 72,467 shares during the period.

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.