Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Up 198.0% in August

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 454,100 shares, a growth of 198.0% from the August 15th total of 152,400 shares. Based on an average daily trading volume, of 1,570,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 26.9% of the company’s shares are sold short. Currently, 26.9% of the company’s shares are sold short. Based on an average daily trading volume, of 1,570,000 shares, the days-to-cover ratio is presently 0.3 days.

Wheeler Real Estate Investment Trust Price Performance

Shares of NASDAQ:WHLR opened at $1.98 on Friday. The firm has a market capitalization of $2.53 million, a PE ratio of 0.00 and a beta of 1.28. The firm’s 50-day moving average is $3.16 and its two-hundred day moving average is $12.98. Wheeler Real Estate Investment Trust has a 1 year low of $0.64 and a 1 year high of $1,227.60.

Analyst Upgrades and Downgrades

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

Institutional Trading of Wheeler Real Estate Investment Trust

An institutional investor recently bought a new position in Wheeler Real Estate Investment Trust stock. Bank of America Corp DE bought a new position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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 and Exchange Commission (SEC). 35.28% of the stock is owned by institutional investors.

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.