Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Update

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 566,046 shares, a growth of 584.6% from the August 15th total of 82,688 shares. Approximately 152.6% of the company’s shares are short sold. Based on an average daily volume of 5,116,596 shares, the days-to-cover ratio is currently 0.1 days.

Wheeler Real Estate Investment Trust Stock Up 5.0%

Shares of WHLR stock opened at $0.39 on Friday. Wheeler Real Estate Investment Trust has a 12-month low of $0.33 and a 12-month high of $18,360.00. The firm has a market capitalization of $301,686.00, a price-to-earnings ratio of -0.00 and a beta of 1.05. The firm has a fifty day moving average of $3.48 and a 200-day moving average of $455.49.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $34.98 EPS for the quarter. The business had revenue of $22.48 million for the quarter. Wheeler Real Estate Investment Trust had a negative return on equity of 186.97% and a net margin of 14.99%.

Insider Activity at Wheeler Real Estate Investment Trust

In related news, major shareholder Financial Lp Hrt sold 3,329 shares of the business’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $9.80, for a total transaction of $32,624.20. Following the completion of the sale, the insider directly owned 4,769 shares of the company’s stock, valued at $46,736.20. The trade was a 41.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders have purchased 24,547 shares of company stock worth $84,765. 51.93% of the stock is owned by insiders.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in shares of Wheeler Real Estate Investment Trust in the 4th quarter valued at approximately $62,000. HRT Financial LP bought a new stake in Wheeler Real Estate Investment Trust during the 4th quarter worth approximately $38,000. Finally, Bank of America Corp DE acquired a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter worth approximately $80,000. Institutional investors and hedge funds own 35.28% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Wall Street Zen raised shares of Wheeler Real Estate Investment Trust to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings upgraded Wheeler Real Estate Investment Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday, August 26th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc is a publicly traded real estate investment trust focused on the acquisition, ownership and management of single-tenant, operationally essential real estate in the United States. The company targets free-standing properties leased to creditworthy tenants under long-term net leases, providing predictable income streams and capital preservation. Its portfolio spans a broad range of retail, service and light industrial properties, with an emphasis on assets where tenants are responsible for property taxes, insurance and maintenance.

The trust’s assets are primarily concentrated in consumer-oriented businesses such as discount retailers, quick-service restaurants and healthcare services, among others.