Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Sees Large Decrease in Short Interest

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRGet Free Report) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 14,200 shares, a drop of 29.0% from the February 29th total of 20,000 shares. Based on an average daily volume of 538,000 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Wheeler Real Estate Investment Trust in a research report on Thursday, November 30th. They set a “sell” rating on the stock.

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Wheeler Real Estate Investment Trust Trading Down 4.7 %

Shares of WHLR stock opened at $0.16 on Friday. The firm has a fifty day simple moving average of $0.18 and a 200-day simple moving average of $0.74. The company has a market capitalization of $10.68 million, a PE ratio of 0.00 and a beta of 1.69. Wheeler Real Estate Investment Trust has a twelve month low of $0.15 and a twelve month high of $14.20.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust during the third quarter worth about $31,000. Virtu Financial LLC acquired a new stake in Wheeler Real Estate Investment Trust during the 4th quarter valued at approximately $40,000. Chilton Capital Management LLC increased its holdings in Wheeler Real Estate Investment Trust by 60.0% during the 4th quarter. Chilton Capital Management LLC now owns 40,000 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 15,000 shares during the last quarter. Steamboat Capital Partners LLC acquired a new position in shares of Wheeler Real Estate Investment Trust in the 4th quarter valued at approximately $70,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Wheeler Real Estate Investment Trust by 11.6% during the 2nd quarter. Renaissance Technologies LLC now owns 120,646 shares of the real estate investment trust’s stock valued at $306,000 after buying an additional 12,513 shares during the last quarter. Institutional investors and hedge funds own 35.28% of the company’s stock.

Wheeler Real Estate Investment Trust Company Profile

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

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