Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Sees Large Growth in Short Interest

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the recipient of a large increase in short interest in March. As of March 31st, there was short interest totaling 76,316 shares, an increase of 76.9% from the March 15th total of 43,142 shares. Based on an average daily trading volume, of 86,411 shares, the days-to-cover ratio is presently 0.9 days. Currently, 11.1% of the shares of the company are short sold.

Wheeler Real Estate Investment Trust Stock Performance

Shares of Wheeler Real Estate Investment Trust stock opened at $0.83 on Monday. Wheeler Real Estate Investment Trust has a 52-week low of $0.80 and a 52-week high of $301.50. The stock’s 50-day simple moving average is $1.61 and its 200 day simple moving average is $2.66. The stock has a market capitalization of $1.49 million, a P/E ratio of 0.00 and a beta of 1.44.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its quarterly earnings data on Thursday, March 5th. The real estate investment trust reported ($2.67) earnings per share (EPS) for the quarter. Wheeler Real Estate Investment Trust had a net margin of 11.86% and a negative return on equity of 78.92%. The firm had revenue of $25.17 million during the quarter.

Analyst Ratings Changes

Several research firms have commented on WHLR. Wall Street Zen cut shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research report on Sunday. Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Wednesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Wheeler Real Estate Investment Trust presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. HRT Financial LP bought a new stake in Wheeler Real Estate Investment Trust during the 4th quarter valued at $38,000. Jane Street Group LLC bought a new stake in Wheeler Real Estate Investment Trust during the 4th quarter valued at $62,000. Finally, Bank of America Corp DE bought a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter valued at $80,000. Institutional investors 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.