Modiv Industrial, Inc. (NYSE:MDV) Short Interest Update

Modiv Industrial, Inc. (NYSE:MDV) was the recipient of a significant decrease in short interest in February. As of February 15th, there was short interest totalling 14,100 shares, a decrease of 49.3% from the January 31st total of 27,800 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 34,600 shares, the days-to-cover ratio is presently 0.4 days.

Modiv Industrial Price Performance

Shares of NYSE MDV traded up $0.39 during trading on Friday, hitting $15.26. 35,536 shares of the company were exchanged, compared to its average volume of 32,178. Modiv Industrial has a 1 year low of $13.69 and a 1 year high of $18.11. The company has a market cap of $147.20 million, a price-to-earnings ratio of -138.73 and a beta of -0.21. The firm’s fifty day moving average price is $14.90 and its 200 day moving average price is $15.79.

Institutional Trading of Modiv Industrial

Institutional investors have recently added to or reduced their stakes in the stock. Man Group plc acquired a new stake in shares of Modiv Industrial during the 4th quarter valued at approximately $175,000. Millennium Management LLC increased its stake in Modiv Industrial by 154.1% in the 4th quarter. Millennium Management LLC now owns 38,344 shares of the company’s stock valued at $571,000 after purchasing an additional 23,251 shares in the last quarter. 683 Capital Management LLC acquired a new position in Modiv Industrial during the fourth quarter worth $321,000. Jane Street Group LLC purchased a new stake in Modiv Industrial during the fourth quarter worth $295,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Modiv Industrial in the fourth quarter valued at $175,000. Hedge funds and other institutional investors own 8.21% of the company’s stock.

About Modiv Industrial

Modiv Industrial, Inc is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.