Short Interest in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Drops By 48.6%

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 157,600 shares, a decrease of 48.6% from the August 31st total of 306,500 shares. Approximately 25.2% of the company’s shares are short sold. Based on an average daily volume of 1,350,000 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

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

Wheeler Real Estate Investment Trust Trading Down 4.1 %

Shares of NASDAQ:WHLR opened at $9.01 on Friday. The stock’s 50-day moving average price is $5.26 and its two-hundred day moving average price is $5.85. Wheeler Real Estate Investment Trust has a 12-month low of $2.90 and a 12-month high of $1,324.73. The firm has a market cap of $5.11 million, a price-to-earnings ratio of 0.00 and a beta of 1.53.

Insiders Place Their Bets

In related news, major shareholder Magnolia Capital Fund, Lp sold 3,516 shares of the company’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $19.00, for a total value of $66,804.00. Following the completion of the transaction, the insider now directly owns 317,646 shares of the company’s stock, valued at $6,035,274. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 49,336 shares of company stock worth $967,782 over the last three months. Company insiders own 40.62% of the company’s stock.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

An institutional investor recently bought a new position in Wheeler Real Estate Investment Trust stock. Bandera Partners LLC acquired a new position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,435,309 shares of the real estate investment trust’s stock, valued at approximately $743,000. Wheeler Real Estate Investment Trust comprises 0.2% of Bandera Partners LLC’s investment portfolio, making the stock its 18th biggest holding. Bandera Partners LLC owned approximately 75.40% of Wheeler Real Estate Investment Trust at the end of the most recent quarter. Institutional investors own 35.28% of the company’s 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.