Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Sees Significant Drop in Short Interest
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR – Get Rating) saw a significant drop in short interest in May. As of May 15th, there was short interest totaling 8,100 shares, a drop of 32.5% from the April 30th total of 12,000 shares Based on an average trading volume of 21,500 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s stock are sold short.
Shares of NASDAQ:WHLR opened at $2.31 on Friday. Wheeler Real Estate Investment Trust has a 52-week low of $1.51 and a 52-week high of $5.44. The company has a 50 day moving average of $2.22 and a two hundred day moving average of $2.06. The company has a market capitalization of $22.46 million, a price-to-earnings ratio of -1.11 and a beta of 2.83.
A number of large investors have recently modified their holdings of the business. Eidelman Virant Capital grew its position in Wheeler Real Estate Investment Trust by 1.3% in the first quarter. Eidelman Virant Capital now owns 689,097 shares of the real estate investment trust’s stock valued at $1,584,000 after acquiring an additional 9,097 shares in the last quarter. Millennium Management LLC acquired a new stake in Wheeler Real Estate Investment Trust in the second quarter valued at approximately $77,000. Two Sigma Investments LP grew its position in shares of Wheeler Real Estate Investment Trust by 34.0% during the third quarter. Two Sigma Investments LP now owns 64,800 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 16,438 shares in the last quarter. Finally, Two Sigma Advisers LP grew 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 worth $448,000 after buying an additional 86,700 shares in the last quarter. 53.77% of the stock is owned by institutional investors.
Wheeler Real Estate Investment Trust Company Profile (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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