Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Up 179.1% in May

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 22,394 shares, a growth of 179.1% from the April 30th total of 8,024 shares. Based on an average daily trading volume, of 26,953 shares, the short-interest ratio is presently 0.8 days. Approximately 1.1% of the shares of the stock are sold short.

Insider Transactions at Mackenzie Realty Capital

In other Mackenzie Realty Capital news, CEO Robert E. Dixon purchased 10,000 shares of the business’s stock in a transaction on Monday, April 6th. The stock was acquired at an average price of $3.50 per share, for a total transaction of $35,000.00. Following the purchase, the chief executive officer owned 54,241 shares of the company’s stock, valued at approximately $189,843.50. This represents a 22.60% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 6.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Quinn Opportunity Partners LLC purchased a new position in Mackenzie Realty Capital in the fourth quarter worth about $168,000. Concorde Asset Management LLC grew its position in Mackenzie Realty Capital by 14.1% in the fourth quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock worth $111,000 after acquiring an additional 3,360 shares in the last quarter. Jane Street Group LLC purchased a new position in Mackenzie Realty Capital in the fourth quarter worth about $93,000. Geode Capital Management LLC grew its position in 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 in the last quarter. Finally, Citadel Advisors LLC purchased a new position in Mackenzie Realty Capital in the third quarter worth about $58,000.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Mackenzie Realty Capital Price Performance

Shares of Mackenzie Realty Capital stock traded up $0.03 during trading on Friday, reaching $2.38. 7,758 shares of the stock traded hands, compared to its average volume of 18,889. The company has a market capitalization of $5.38 million, a price-to-earnings ratio of -0.39 and a beta of -1.05. The business has a fifty day simple moving average of $3.07 and a two-hundred day simple moving average of $3.74. Mackenzie Realty Capital has a 52-week low of $2.22 and a 52-week high of $16.90.

Mackenzie Realty Capital (NASDAQ:MKZR) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.98) earnings per share for the quarter. The firm had revenue of $6.13 million for the quarter. Mackenzie Realty Capital had a negative net margin of 90.30% and a negative return on equity of 18.99%.

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.