Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Update

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

Wheeler Real Estate Investment Trust Price Performance

Wheeler Real Estate Investment Trust stock opened at $0.79 on Thursday. Wheeler Real Estate Investment Trust has a 1-year low of $0.79 and a 1-year high of $717.60. The firm has a market capitalization of $921,140.00, a P/E ratio of 0.00 and a beta of 1.64. The company’s 50-day moving average is $4.05 and its 200 day moving average is $20.70.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its earnings results on Tuesday, March 4th. The real estate investment trust reported $18.46 earnings per share for the quarter. The firm had revenue of $27.59 million during the quarter.

Wall Street Analyst Weigh In

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

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.