Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Down 15.3% in January

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 58,557 shares, a decrease of 15.3% from the January 15th total of 69,173 shares. Approximately 17.5% of the shares of the company are short sold. Based on an average daily trading volume, of 158,766 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 158,766 shares, the days-to-cover ratio is currently 0.4 days. Approximately 17.5% of the shares of the company are short sold.

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 purchased a new stake in shares of Wheeler Real Estate Investment Trust during the fourth quarter worth $38,000. Jane Street Group LLC purchased a new position in shares of Wheeler Real Estate Investment Trust in the fourth quarter valued at $62,000. Finally, Bank of America Corp DE bought a new stake in shares of 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 Stock Down 9.7%

NASDAQ WHLR opened at $1.87 on Monday. The company has a market cap of $1.29 million, a PE ratio of 0.00 and a beta of 1.36. Wheeler Real Estate Investment Trust has a 52 week low of $1.86 and a 52 week high of $703.56. The firm’s 50-day simple moving average is $2.87 and its two-hundred day simple moving average is $5.20.

Wall Street Analyst Weigh In

Several analysts have commented on WHLR shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Friday, January 9th. Wall Street Zen lowered shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Wheeler Real Estate Investment Trust

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.