Short Interest in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Increases By 71.2%

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 25,208 shares, an increase of 71.2% from the August 15th total of 14,727 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 14,993 shares, the days-to-cover ratio is currently 1.7 days.

Insider Activity at Mackenzie Realty Capital

In related news, General Counsel Charles E. Patterson II bought 23,400 shares of the company’s stock in a transaction on Monday, August 10th. The shares were purchased at an average cost of $1.60 per share, for a total transaction of $37,440.00. Following the acquisition, the general counsel owned 100,000 shares of the company’s stock, valued at approximately $160,000. This represents a 30.55% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Treasurer Glen W. Fuller acquired 23,400 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of $1.60 per share, for a total transaction of $37,440.00. Following the completion of the acquisition, the treasurer owned 100,000 shares of the company’s stock, valued at $160,000. This trade represents a 30.55% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought a total of 100,200 shares of company stock worth $160,020 in the last quarter. Corporate insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Mackenzie Realty Capital stock. Concorde Asset Management LLC lifted its holdings in shares of Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) by 40.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,250 shares of the company’s stock after purchasing an additional 11,010 shares during the quarter. Concorde Asset Management LLC owned 1.69% of Mackenzie Realty Capital worth $139,000 as of its most recent SEC filing.

Mackenzie Realty Capital Price Performance

MKZR stock traded down $0.06 during trading hours on Wednesday, reaching $1.37. The stock had a trading volume of 4,511 shares, compared to its average volume of 38,552. Mackenzie Realty Capital has a fifty-two week low of $0.83 and a fifty-two week high of $6.99. The stock has a market capitalization of $3.10 million, a PE ratio of -0.22 and a beta of -0.46. The stock has a 50-day simple moving average of $1.50 and a 200 day simple moving average of $2.38.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Mackenzie Realty Capital from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, September 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

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.