Short Interest in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Rises By 136.9%

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 138,716 shares, an increase of 136.9% from the January 29th total of 58,557 shares. Based on an average daily volume of 2,905,275 shares, the short-interest ratio is presently 0.0 days. Currently, 41.5% of the shares of the stock are sold short. Currently, 41.5% of the shares of the stock are sold short. Based on an average daily volume of 2,905,275 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE purchased a new position in Wheeler Real Estate Investment Trust in the 2nd quarter worth about $80,000. HRT Financial LP purchased a new stake in Wheeler Real Estate Investment Trust during the fourth quarter valued at about $38,000. Finally, Jane Street Group LLC acquired a new position in shares of Wheeler Real Estate Investment Trust in the fourth quarter worth about $62,000. Institutional investors and hedge funds own 35.28% of the company’s stock.

Wheeler Real Estate Investment Trust Stock Performance

Wheeler Real Estate Investment Trust stock opened at $2.05 on Friday. The firm has a market cap of $1.41 million, a price-to-earnings ratio of 0.00 and a beta of 1.36. Wheeler Real Estate Investment Trust has a 1 year low of $1.53 and a 1 year high of $595.50. The firm’s 50 day moving average price is $2.60 and its two-hundred day moving average price is $4.47.

Wall Street Analyst Weigh In

WHLR has been the subject of a number of research reports. Wall Street Zen lowered Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Wheeler Real Estate Investment Trust currently has a consensus rating of “Sell”.

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.