Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Down 21.8% in December

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the target of a large decline in short interest in December. As of December 15th, there was short interest totaling 206,687 shares, a decline of 21.8% from the November 30th total of 264,381 shares. Based on an average daily trading volume, of 9,326,074 shares, the short-interest ratio is presently 0.0 days. Currently, 62.3% of the shares of the company are sold short. Currently, 62.3% of the shares of the company are sold short. Based on an average daily trading volume, of 9,326,074 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

WHLR has been the subject of a number of analyst reports. Wall Street Zen lowered Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a report on Sunday, November 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Wheeler Real Estate Investment Trust Price Performance

NASDAQ WHLR opened at $1.84 on Tuesday. Wheeler Real Estate Investment Trust has a 1 year low of $1.69 and a 1 year high of $959.98. The stock has a market capitalization of $1.27 million, a PE ratio of 0.00 and a beta of 1.31. The company’s 50 day simple moving average is $2.65 and its two-hundred day simple moving average is $10.71.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last released its quarterly earnings results on Thursday, November 6th. The real estate investment trust reported $4.20 EPS for the quarter. Wheeler Real Estate Investment Trust had a net margin of 49.20% and a negative return on equity of 295.94%. The firm had revenue of $23.82 million during the quarter.

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 purchased a new stake in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 13,180 shares of the real estate investment trust’s stock, valued at approximately $80,000. Bank of America Corp DE owned about 1.03% of Wheeler Real Estate Investment Trust at the end of the most recent quarter. Institutional investors and hedge funds own 35.28% of the company’s stock.

Wheeler Real Estate Investment Trust Company Profile

Wheeler Real Estate Investment Trust, Inc is a publicly traded real estate investment trust focused on the acquisition, ownership and management of single-tenant, operationally essential real estate in the United States. The company targets free-standing properties leased to creditworthy tenants under long-term net leases, providing predictable income streams and capital preservation. Its portfolio spans a broad range of retail, service and light industrial properties, with an emphasis on assets where tenants are responsible for property taxes, insurance and maintenance.

The trust’s assets are primarily concentrated in consumer-oriented businesses such as discount retailers, quick-service restaurants and healthcare services, among others.