Short Interest in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Declines By 24.9%

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 7,581 shares, a decline of 24.9% from the February 26th total of 10,100 shares. Based on an average trading volume of 30,907 shares, the short-interest ratio is currently 0.2 days. Currently, 0.4% of the shares of the stock are short sold.

Mackenzie Realty Capital Stock Up 1.0%

Mackenzie Realty Capital stock traded up $0.04 during trading hours on Tuesday, hitting $3.64. The stock had a trading volume of 9,690 shares, compared to its average volume of 26,907. The business’s 50 day simple moving average is $3.96 and its 200-day simple moving average is $4.44. Mackenzie Realty Capital has a one year low of $3.26 and a one year high of $16.90. The stock has a market cap of $7.16 million, a price-to-earnings ratio of -0.37 and a beta of -1.15.

Mackenzie Realty Capital (NASDAQ:MKZR) last released its quarterly earnings data on Tuesday, February 17th. The company reported ($2.97) earnings per share (EPS) for the quarter. The firm had revenue of $4.83 million during the quarter. Mackenzie Realty Capital had a negative net margin of 122.81% and a negative return on equity of 23.62%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Institutional Trading of Mackenzie Realty Capital

A number of institutional investors and hedge funds have recently bought and sold shares of MKZR. Citadel Advisors LLC bought a new stake in shares of Mackenzie Realty Capital in the 3rd quarter valued at about $58,000. Geode Capital Management LLC lifted its stake in shares of Mackenzie Realty Capital by 33.1% in the fourth quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock worth $87,000 after acquiring an additional 5,331 shares during the period. Jane Street Group LLC bought a new stake in Mackenzie Realty Capital in the fourth quarter valued at approximately $93,000. Concorde Asset Management LLC increased its position in Mackenzie Realty Capital by 14.1% during the 4th quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock valued at $111,000 after purchasing an additional 3,360 shares during the period. Finally, Quinn Opportunity Partners LLC bought a new position in Mackenzie Realty Capital during the 4th quarter worth approximately $168,000.

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.