Short Interest in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Decreases By 64.9%

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 33,600 shares, a drop of 64.9% from the July 31st total of 95,700 shares. Based on an average trading volume of 240,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 6.2% of the company’s shares are sold short.

Wheeler Real Estate Investment Trust Price Performance

Shares of NASDAQ WHLR opened at $1.83 on Wednesday. The company has a market capitalization of $1.04 million, a price-to-earnings ratio of 0.00 and a beta of 1.58. The business has a 50-day moving average of $7.32 and a two-hundred day moving average of $15.72. Wheeler Real Estate Investment Trust has a 1 year low of $1.77 and a 1 year high of $1,130.40.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Wheeler Real Estate Investment Trust in a report on Wednesday, July 3rd. They issued a “sell” rating for the company.

Insiders Place Their Bets

In other Wheeler Real Estate Investment Trust news, major shareholder Magnolia Capital Fund, Lp sold 3,516 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $19.00, for a total transaction of $66,804.00. Following the completion of the sale, the insider now owns 317,646 shares of the company’s stock, valued at $6,035,274. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 40.62% of the stock is owned by insiders.

Institutional Trading of Wheeler Real Estate Investment Trust

A hedge fund recently raised its stake in Wheeler Real Estate Investment Trust stock. Stilwell Value LLC lifted its position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) by 17,568.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,871,187 shares of the real estate investment trust’s stock after purchasing an additional 20,753,058 shares during the period. Wheeler Real Estate Investment Trust comprises about 4.7% of Stilwell Value LLC’s holdings, making the stock its 4th largest position. Stilwell Value LLC owned 646.17% of Wheeler Real Estate Investment Trust worth $6,368,000 at the end of the most recent reporting period. 35.28% of the stock is owned by institutional investors and hedge funds.

About Wheeler Real Estate Investment Trust

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.