Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Down 74.0% in October

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totalling 52,500 shares, a decline of 74.0% from the September 30th total of 202,300 shares. Currently, 5.3% of the company’s stock are sold short. Based on an average daily volume of 2,010,000 shares, the days-to-cover ratio is currently 0.0 days.

Insider Buying and Selling

In other Wheeler Real Estate Investment Trust news, major shareholder Magnolia Capital Fund, Lp sold 9,380 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $20.48, for a total value of $192,102.40. Following the sale, the insider now directly owns 261,326 shares of the company’s stock, valued at approximately $5,351,956.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders sold 49,336 shares of company stock valued at $967,782 in the last three months. 40.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Wheeler Real Estate Investment Trust stock. Stilwell Value LLC raised its position in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) by 62.5% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 33,912,371 shares of the real estate investment trust’s stock after acquiring an additional 13,041,184 shares during the period. Wheeler Real Estate Investment Trust makes up 4.0% of Stilwell Value LLC’s investment portfolio, making the stock its 4th largest holding. Stilwell Value LLC owned 49.85% of Wheeler Real Estate Investment Trust worth $5,324,000 at the end of the most recent quarter. Institutional investors own 35.28% of the company’s stock.

Wheeler Real Estate Investment Trust Price Performance

Shares of NASDAQ:WHLR traded down $0.57 on Friday, reaching $10.41. The company’s stock had a trading volume of 13,608 shares, compared to its average volume of 643,725. Wheeler Real Estate Investment Trust has a 52-week low of $2.90 and a 52-week high of $345.60. The stock’s 50-day moving average is $7.66 and its two-hundred day moving average is $11.12. The stock has a market capitalization of $5.90 million, a P/E ratio of 0.00 and a beta of 1.61.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Wheeler Real Estate Investment Trust in a report on Wednesday, July 3rd. They set a “sell” rating on the stock.

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.