Short Interest in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Rises By 50.1%

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 14,727 shares, an increase of 50.1% from the July 30th total of 9,810 shares. Based on an average daily trading volume, of 264,282 shares, the short-interest ratio is currently 0.1 days. Approximately 0.7% of the company’s stock are sold short.

Mackenzie Realty Capital Price Performance

NASDAQ MKZR opened at $1.48 on Thursday. The company has a fifty day moving average price of $1.55 and a 200-day moving average price of $2.53. The firm has a market cap of $3.34 million, a price-to-earnings ratio of -0.24 and a beta of -0.46. Mackenzie Realty Capital has a 1 year low of $0.83 and a 1 year high of $6.99.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Mackenzie Realty Capital news, Treasurer Glen W. Fuller acquired 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, with a total value of $37,440.00. Following the completion of the purchase, the treasurer owned 100,000 shares of the company’s stock, valued at approximately $160,000. This represents a 30.55% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert E. Dixon acquired 23,400 shares of Mackenzie Realty Capital stock in a transaction dated Monday, August 10th. The shares were acquired at an average price of $1.60 per share, with a total value of $37,440.00. Following the completion of the acquisition, the chief executive officer directly owned 100,000 shares of the company’s stock, valued at approximately $160,000. The trade was a 30.55% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 100,200 shares of company stock worth $160,020. Insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Mackenzie Realty Capital

A number of institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in shares of Mackenzie Realty Capital during the 3rd quarter worth approximately $58,000. Geode Capital Management LLC increased its position in shares of Mackenzie Realty Capital by 33.1% during the fourth quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock valued at $87,000 after acquiring an additional 5,331 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Mackenzie Realty Capital during the fourth quarter valued at approximately $93,000. Concorde Asset Management LLC lifted its holdings in Mackenzie Realty Capital by 14.1% during 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 during the period. Finally, Quinn Opportunity Partners LLC bought a new stake in Mackenzie Realty Capital during the fourth quarter worth $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.