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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 70,600 shares, a decrease of 61.3% from the February 28th total of 182,400 shares. Based on an average daily trading volume, of 1,200,000 shares, the short-interest ratio is presently 0.1 days. Currently, 2.4% of the shares of the stock are sold short.

Wheeler Real Estate Investment Trust Price Performance

WHLR opened at $3.30 on Friday. The business has a 50 day moving average price of $18.27 and a two-hundred day moving average price of $101.92. The company has a market capitalization of $768,900.00, a price-to-earnings ratio of 0.00 and a beta of 1.64. Wheeler Real Estate Investment Trust has a 1-year low of $2.92 and a 1-year high of $3,588.00.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its quarterly earnings data on Tuesday, March 4th. The real estate investment trust reported $92.30 earnings per share for the quarter. The firm had revenue of $27.59 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th.

Wheeler Real Estate Investment Trust Company Profile

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.