Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Sees Large Growth in Short Interest

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 10,916 shares, an increase of 365.7% from the November 30th total of 2,344 shares. Based on an average trading volume of 53,407 shares, the short-interest ratio is currently 0.2 days. Currently, 0.6% of the shares of the company are short sold. Currently, 0.6% of the shares of the company are short sold. Based on an average trading volume of 53,407 shares, the short-interest ratio is currently 0.2 days.

Insider Transactions at Mackenzie Realty Capital

In other Mackenzie Realty Capital news, Treasurer Glen W. Fuller bought 14,000 shares of the stock in a transaction dated Thursday, October 2nd. The shares were bought at an average cost of $5.06 per share, with a total value of $70,840.00. Following the completion of the acquisition, the treasurer owned 85,855 shares of the company’s stock, valued at $434,426.30. This trade represents a 19.48% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Portfolio Manager Christine Elizabeth Simpson acquired 14,000 shares of the company’s stock in a transaction on Thursday, October 2nd. The stock was bought at an average cost of $5.06 per share, with a total value of $70,840.00. Following the completion of the acquisition, the portfolio manager directly owned 85,855 shares in the company, valued at approximately $434,426.30. This represents a 19.48% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 66,946 shares of company stock valued at $331,798. 6.30% of the stock is currently owned by company insiders.

Institutional Trading of Mackenzie Realty Capital

A number of large investors have recently bought and sold shares of MKZR. Savvy Advisors Inc. increased its position in shares of Mackenzie Realty Capital by 494.1% in the second quarter. Savvy Advisors Inc. now owns 87,133 shares of the company’s stock worth $58,000 after purchasing an additional 72,467 shares during the last quarter. Concorde Asset Management LLC grew its holdings in shares of Mackenzie Realty Capital by 313.4% in the first quarter. Concorde Asset Management LLC now owns 98,100 shares of the company’s stock worth $147,000 after purchasing an additional 74,372 shares during the last quarter. Armistice Capital LLC purchased a new position in shares of Mackenzie Realty Capital in the first quarter valued at about $2,169,000. Legacy Wealth Managment LLC ID lifted its holdings in Mackenzie Realty Capital by 7.1% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 125,366 shares of the company’s stock worth $84,000 after buying an additional 8,268 shares during the period. Finally, Citadel Advisors LLC bought a new stake in Mackenzie Realty Capital in the third quarter valued at $58,000.

Mackenzie Realty Capital Stock Performance

Shares of MKZR stock remained flat at $3.89 on Friday. 64,106 shares of the stock were exchanged, compared to its average volume of 29,148. Mackenzie Realty Capital has a one year low of $3.26 and a one year high of $42.70. The stock has a market capitalization of $7.20 million and a P/E ratio of -0.36. The firm has a 50 day simple moving average of $4.40 and a 200-day simple moving average of $5.43.

Mackenzie Realty Capital (NASDAQ:MKZR) last announced its quarterly earnings data on Monday, September 29th. The company reported ($7.86) EPS for the quarter. The business had revenue of $2.38 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Mackenzie Realty Capital

Mackenzie Realty Capital, Inc (NASDAQ:MKZR) is a real estate finance company that focuses on originating, acquiring and managing a diversified portfolio of real estate credit investments. The company’s offerings include first-lien mortgage loans, B-notes, mezzanine financing and short-term bridge loans secured by residential and small multifamily properties. By emphasizing collateral quality and short-to-medium-term maturities, Mackenzie Realty Capital aims to generate stable income streams and attractive risk-adjusted returns.

Since its initial public offering, Mackenzie Realty Capital has deployed capital across a variety of property types, including single-family rental communities, garden-style apartment complexes and mixed-use developments.