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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 11,913 shares, a decline of 15.2% from the February 12th total of 14,044 shares. Based on an average trading volume of 3,043 shares, the days-to-cover ratio is presently 3.9 days. Based on an average trading volume of 3,043 shares, the days-to-cover ratio is presently 3.9 days.

Wheeler Real Estate Investment Trust Stock Performance

NASDAQ WHLRP opened at $7.23 on Monday. The stock’s 50 day simple moving average is $6.29 and its 200 day simple moving average is $4.89. Wheeler Real Estate Investment Trust has a one year low of $3.00 and a one year high of $7.46.

Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) last issued its quarterly earnings data on Thursday, March 5th. The company reported ($2.67) earnings per share (EPS) for the quarter. The business had revenue of $25.17 million during the quarter.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

Hedge funds have recently added to or reduced their stakes in the company. Magnetar Financial LLC bought a new position in Wheeler Real Estate Investment Trust in the second quarter valued at approximately $866,000. Ursa Fund Management LLC lifted its stake in shares of Wheeler Real Estate Investment Trust by 57.5% in the 3rd quarter. Ursa Fund Management LLC now owns 197,292 shares of the company’s stock valued at $835,000 after purchasing an additional 71,992 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in shares of Wheeler Real Estate Investment Trust in the 3rd quarter valued at $67,000.

Wheeler Real Estate Investment Trust Company Profile

Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRP) is a real estate investment trust that specializes in the acquisition and management of single-tenant retail and industrial properties under long-term, triple-net leases. The company’s investment strategy focuses on securing creditworthy tenants—often in sectors such as automotive services, fast food, medical services and banking—to generate stable, predictable rental income over the life of each lease.

Wheeler REIT’s portfolio spans a broad range of lower-middle market properties across the United States, offering geographic diversification and reducing exposure to any single market or tenant.