Short Interest in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRD) Declines By 54.2%

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRD) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 4,087 shares, a decrease of 54.2% from the April 15th total of 8,932 shares. Based on an average daily trading volume, of 1,139 shares, the days-to-cover ratio is currently 3.6 days.

Wheeler Real Estate Investment Trust Price Performance

Shares of WHLRD stock traded up $0.18 on Friday, hitting $35.69. 837 shares of the company’s stock were exchanged, compared to its average volume of 2,780. Wheeler Real Estate Investment Trust has a 12 month low of $32.26 and a 12 month high of $42.00. The company has a 50 day moving average of $36.68 and a 200 day moving average of $37.12.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRD) is a real estate investment trust that specializes in the acquisition, ownership and management of single-tenant retail properties under long-term net leases. The company focuses on properties designed to generate stable, predictable income streams by transferring most property-level expenses—including taxes, insurance and maintenance—to its tenants.

The Trust’s portfolio comprises over 200 retail assets leased to a diversified mix of grocery stores, pharmacies, convenience concepts, fitness centers and other service-oriented operators.