Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Sees Large Drop in Short Interest
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR – Get Rating) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 35,800 shares, a decline of 43.7% from the March 15th total of 63,600 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 22,000 shares, the days-to-cover ratio is currently 1.6 days.
Wheeler Real Estate Investment Trust stock opened at $2.33 on Friday. The firm has a market cap of $22.65 million, a P/E ratio of -1.38 and a beta of 3.03. Wheeler Real Estate Investment Trust has a 1-year low of $1.51 and a 1-year high of $5.44. The firm has a 50-day moving average of $2.08 and a 200-day moving average of $2.18.
Institutional investors have recently made changes to their positions in the stock. Chilton Capital Management LLC purchased a new stake in Wheeler Real Estate Investment Trust in the third quarter worth $74,000. Millennium Management LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust in the 2nd quarter worth about $77,000. Two Sigma Investments LP boosted its stake in shares of Wheeler Real Estate Investment Trust by 34.0% during the 3rd quarter. Two Sigma Investments LP now owns 64,800 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 16,438 shares in the last quarter. Two Sigma Advisers LP increased its position in shares of Wheeler Real Estate Investment Trust by 132.2% during the third quarter. Two Sigma Advisers LP now owns 152,300 shares of the real estate investment trust’s stock valued at $448,000 after buying an additional 86,700 shares during the period. Finally, Eidelman Virant Capital raised its stake in Wheeler Real Estate Investment Trust by 17.0% in the fourth quarter. Eidelman Virant Capital now owns 680,000 shares of the real estate investment trust’s stock worth $1,299,000 after buying an additional 99,000 shares in the last quarter. Institutional investors own 60.56% of the company’s stock.
About Wheeler Real Estate Investment Trust (Get Rating)
Headquartered in Virginia Beach, VA, Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLR ) is a fully integrated, self-managed commercial real estate investment company focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.
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