Short Interest in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Decreases By 70.2%

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 43,142 shares, a drop of 70.2% from the February 26th total of 144,972 shares. Based on an average daily volume of 140,126 shares, the short-interest ratio is currently 0.3 days. Approximately 7.0% of the company’s stock are sold short.

Wheeler Real Estate Investment Trust Price Performance

Shares of Wheeler Real Estate Investment Trust stock opened at $1.02 on Friday. The stock has a market cap of $1.46 million, a price-to-earnings ratio of 0.00 and a beta of 1.38. The firm’s 50-day moving average is $2.44 and its 200 day moving average is $3.36. Wheeler Real Estate Investment Trust has a 1 year low of $1.00 and a 1 year high of $301.50.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on WHLR. Wall Street Zen lowered shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “sell” rating in a report on Saturday, March 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

Several institutional investors and hedge funds have recently made changes to their positions in WHLR. Bank of America Corp DE purchased a new position in Wheeler Real Estate Investment Trust in the 2nd quarter worth approximately $80,000. HRT Financial LP bought a new position in Wheeler Real Estate Investment Trust in the 4th quarter valued at approximately $38,000. Finally, Jane Street Group LLC purchased a new stake in Wheeler Real Estate Investment Trust during the 4th quarter valued at $62,000. 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.