Short Interest in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Grows By 211.7%

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 127,500 shares, a growth of 211.7% from the September 30th total of 40,900 shares. Based on an average daily trading volume, of 373,900 shares, the short-interest ratio is presently 0.3 days. Approximately 10.9% of the company’s stock are sold short. Approximately 10.9% of the company’s stock are sold short. Based on an average daily trading volume, of 373,900 shares, the short-interest ratio is presently 0.3 days.

Wheeler Real Estate Investment Trust Stock Performance

Shares of WHLR opened at $2.95 on Friday. Wheeler Real Estate Investment Trust has a 52 week low of $2.79 and a 52 week high of $1,976.00. The firm’s 50-day simple moving average is $6.52 and its 200 day simple moving average is $20.47. The firm has a market cap of $2.79 million, a P/E ratio of 0.00 and a beta of 1.36.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WHLR shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Tuesday, October 14th. Wall Street Zen lowered Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research report on Saturday, September 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On 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 acquired a new stake in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) during the second quarter, according to its most recent disclosure with the SEC. 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 approximately 1.03% of Wheeler Real Estate Investment Trust at the end of the most recent reporting period. Hedge funds and other institutional investors own 35.28% of the company’s stock.

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.