Short Interest in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Drops By 35.1%

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRGet Rating) was the target of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 12,000 shares, a decrease of 35.1% from the April 15th total of 18,500 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 20,600 shares, the days-to-cover ratio is presently 0.6 days.

WHLR stock opened at $2.05 on Friday. The company has a market capitalization of $19.93 million, a P/E ratio of -0.99 and a beta of 2.83. The company has a 50-day simple moving average of $2.20 and a 200 day simple moving average of $2.10. Wheeler Real Estate Investment Trust has a fifty-two week low of $1.51 and a fifty-two week high of $5.44.

Hedge funds have recently bought and sold shares of the stock. Two Sigma Advisers LP lifted its holdings in Wheeler Real Estate Investment Trust by 132.2% in the third quarter. Two Sigma Advisers LP now owns 152,300 shares of the real estate investment trust’s stock worth $448,000 after purchasing an additional 86,700 shares during the period. Two Sigma Investments LP lifted its holdings in Wheeler Real Estate Investment Trust by 34.0% in the 3rd quarter. Two Sigma Investments LP now owns 64,800 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 16,438 shares during the last quarter. Millennium Management LLC acquired a new stake in Wheeler Real Estate Investment Trust in the 2nd quarter valued at about $77,000. Finally, Eidelman Virant Capital lifted its holdings in Wheeler Real Estate Investment Trust by 1.3% in the 1st quarter. Eidelman Virant Capital now owns 689,097 shares of the real estate investment trust’s stock valued at $1,584,000 after acquiring an additional 9,097 shares during the last quarter. 53.77% of the stock is owned by institutional investors and hedge funds.

Wheeler Real Estate Investment Trust Company Profile (Get Rating)

Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLR ) is a fully integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.

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