Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Up 117.2% in December

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totaling 23,713 shares, an increase of 117.2% from the December 15th total of 10,916 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average trading volume of 47,207 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 47,207 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.4% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Friday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Mackenzie Realty Capital Stock Performance

NASDAQ MKZR traded up $0.09 on Wednesday, reaching $4.49. The stock had a trading volume of 9,545 shares, compared to its average volume of 88,983. The stock has a market cap of $8.31 million, a P/E ratio of -0.42 and a beta of -1.16. The business’s 50-day moving average price is $4.21 and its 200 day moving average price is $5.16. Mackenzie Realty Capital has a 12-month low of $3.26 and a 12-month high of $31.80.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MKZR. Geode Capital Management LLC boosted its position in shares of Mackenzie Realty Capital by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock worth $104,000 after purchasing an additional 2,530 shares in the last quarter. Legacy Wealth Managment LLC ID lifted its stake in shares of Mackenzie Realty Capital by 7.1% in the second quarter. Legacy Wealth Managment LLC ID now owns 125,366 shares of the company’s stock valued at $84,000 after purchasing an additional 8,268 shares during the period. Citadel Advisors LLC purchased a new stake in Mackenzie Realty Capital during the third quarter worth about $58,000. Finally, Savvy Advisors Inc. grew its position in Mackenzie Realty Capital by 494.1% during the second quarter. Savvy Advisors Inc. now owns 87,133 shares of the company’s stock worth $58,000 after buying an additional 72,467 shares during the period.

Mackenzie Realty Capital Company Profile

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.