Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Down 41.5% in January

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the recipient of a significant decline in short interest in January. As of January 30th, there was short interest totaling 9,862 shares, a decline of 41.5% from the January 15th total of 16,858 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 15,234 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 15,234 shares, the short-interest ratio is currently 0.6 days. Currently, 0.6% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Mackenzie Realty Capital

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

Mackenzie Realty Capital Trading Down 0.5%

Shares of NASDAQ:MKZR traded down $0.02 during midday trading on Friday, hitting $3.88. 9,130 shares of the stock were exchanged, compared to its average volume of 12,056. Mackenzie Realty Capital has a twelve month low of $3.26 and a twelve month high of $31.80. The company has a 50 day moving average price of $4.22 and a 200-day moving average price of $4.80. The stock has a market cap of $7.19 million, a P/E ratio of -0.36 and a beta of -1.11.

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

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.