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 growth in short interest in November. As of November 30th, there was short interest totalling 80,900 shares, a growth of 574.2% from the November 15th total of 12,000 shares. Based on an average daily trading volume, of 603,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 6.2% of the company’s stock are short sold.

Insider Activity at Wheeler Real Estate Investment Trust

In other news, major shareholder Magnolia Capital Fund, Lp sold 9,380 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $20.48, for a total value of $192,102.40. Following the completion of the sale, the insider now owns 261,326 shares of the company’s stock, valued at approximately $5,351,956.48. The trade was a 3.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 51.40% of the stock is owned by company insiders.

Wheeler Real Estate Investment Trust Stock Performance

Shares of NASDAQ:WHLR traded down $0.62 during midday trading on Wednesday, hitting $4.69. 157,689 shares of the stock were exchanged, compared to its average volume of 295,879. The stock has a market capitalization of $3.05 million, a price-to-earnings ratio of -0.01 and a beta of 1.43. The business’s 50-day moving average price is $9.07 and its 200 day moving average price is $8.48. Wheeler Real Estate Investment Trust has a 12 month low of $4.60 and a 12 month high of $273.02.

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.