Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Up 193.1% in August

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 152,400 shares, agrowthof193.1% from the July 31st total of 52,000 shares. Approximately9.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately9.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Bank of America Corp DE acquired a new position in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,180 shares of the real estate investment trust’s stock, valued at approximately $80,000. Bank of America Corp DE owned 1.03% of Wheeler Real Estate Investment Trust as of its most recent filing with the Securities & Exchange Commission. 35.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th.

Wheeler Real Estate Investment Trust Stock Performance

Wheeler Real Estate Investment Trust stock opened at $1.70 on Friday. The business’s 50-day simple moving average is $3.57 and its two-hundred day simple moving average is $16.75. The company has a market cap of $2.18 million, a PE ratio of 0.00 and a beta of 1.28. Wheeler Real Estate Investment Trust has a fifty-two week low of $0.65 and a fifty-two week high of $1,494.00.

Wheeler Real Estate Investment Trust Company Profile

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.