Short Interest in Modiv Industrial, Inc. (NYSE:MDV) Rises By 35.8%

Modiv Industrial, Inc. (NYSE:MDV) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 265,369 shares, a growth of 35.8% from the December 15th total of 195,459 shares. Based on an average daily volume of 33,817 shares, the days-to-cover ratio is currently 7.8 days. Approximately 2.7% of the company’s stock are short sold. Approximately 2.7% of the company’s stock are short sold. Based on an average daily volume of 33,817 shares, the days-to-cover ratio is currently 7.8 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey acquired a new stake in Modiv Industrial during the 2nd quarter worth $30,000. BNP Paribas Financial Markets boosted its position in Modiv Industrial by 65.7% during the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock worth $32,000 after acquiring an additional 866 shares during the last quarter. Bank of America Corp DE boosted its position in Modiv Industrial by 3,913.3% during the second quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock worth $42,000 after acquiring an additional 2,935 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Modiv Industrial by 858.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock valued at $69,000 after acquiring an additional 4,420 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Modiv Industrial in the 2nd quarter valued at about $72,000. 8.21% of the stock is currently owned by institutional investors and hedge funds.

Modiv Industrial Trading Down 0.8%

Shares of MDV stock traded down $0.13 during mid-day trading on Friday, reaching $14.71. The stock had a trading volume of 35,200 shares, compared to its average volume of 31,827. Modiv Industrial has a 1-year low of $13.62 and a 1-year high of $17.15. The business’s fifty day moving average is $14.58 and its 200-day moving average is $14.65. The firm has a market cap of $151.02 million, a price-to-earnings ratio of -56.56 and a beta of -0.31.

Analysts Set New Price Targets

Separately, Weiss Ratings cut Modiv Industrial from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $18.00.

About Modiv Industrial

Modiv Industrial, Inc (NYSE: MDV) is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of single-tenant industrial properties. The company’s portfolio is anchored by net-lease agreements with corporate and public sector tenants, providing stable, long-term cash flows. Modiv Industrial focuses on light manufacturing facilities, warehouse and distribution centers, and similar industrial real estate assets that serve as critical links in supply chains.

Modiv Industrial pursues a geographically diversified strategy, targeting properties in key U.S.