Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Up 77.5% in July

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 88,277 shares, an increase of 77.5% from the June 30th total of 49,725 shares. Based on an average trading volume of 4,943,288 shares, the days-to-cover ratio is presently 0.0 days. Currently, 6.1% of the shares of the company are sold short.

Wheeler Real Estate Investment Trust Stock Down 28.1%

NASDAQ:WHLR opened at $0.94 on Thursday. Wheeler Real Estate Investment Trust has a 12 month low of $0.91 and a 12 month high of $7,182.00. The firm has a market cap of $566,670.60, a price-to-earnings ratio of -0.00 and a beta of 1.08. The company’s 50 day moving average is $33.11 and its 200-day moving average is $273.76.

Insider Activity at Wheeler Real Estate Investment Trust

In related news, major shareholder Financial Lp Hrt sold 13,316 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $2.45, for a total value of $32,624.20. Following the sale, the insider owned 19,078 shares of the company’s stock, valued at $46,741.10. This trade represents a 41.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought a total of 20,396 shares of company stock worth $77,335 in the last three months. 51.93% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WHLR. HRT Financial LP acquired a new position in Wheeler Real Estate Investment Trust during the 4th quarter worth $38,000. Jane Street Group LLC acquired a new stake in shares of Wheeler Real Estate Investment Trust in the fourth quarter valued at about $62,000. Finally, Bank of America Corp DE bought a new position in shares of Wheeler Real Estate Investment Trust in the second quarter worth about $80,000. Institutional investors own 35.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on WHLR shares. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Monday, July 6th. Wall Street Zen raised Wheeler Real Estate Investment Trust to a “hold” rating in a research report on Saturday, July 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Wheeler Real Estate Investment Trust currently has a consensus rating of “Sell”.

Wheeler Real Estate Investment Trust Company Profile

Wheeler Real Estate Investment Trust, Inc is a publicly traded real estate investment trust focused on the acquisition, ownership and management of single-tenant, operationally essential real estate in the United States. The company targets free-standing properties leased to creditworthy tenants under long-term net leases, providing predictable income streams and capital preservation. Its portfolio spans a broad range of retail, service and light industrial properties, with an emphasis on assets where tenants are responsible for property taxes, insurance and maintenance.

The trust’s assets are primarily concentrated in consumer-oriented businesses such as discount retailers, quick-service restaurants and healthcare services, among others.