Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRL) Sees Large Decrease in Short Interest

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRL) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 149 shares, a drop of 40.2% from the September 15th total of 249 shares. Based on an average trading volume of 2,542 shares, the days-to-cover ratio is presently 0.1 days.

Wheeler Real Estate Investment Trust Price Performance

Shares of NASDAQ WHLRL opened at $85.00 on Thursday. The business has a fifty day simple moving average of $80.90 and a two-hundred day simple moving average of $80.45. Wheeler Real Estate Investment Trust has a twelve month low of $78.00 and a twelve month high of $119.50.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has an average rating of “Sell”.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc is a real estate investment trust focused on owning, leasing and managing grocery-anchored and other neighborhood shopping centers. Its properties are generally designed to serve everyday consumer needs and may include grocery stores, pharmacies, restaurants, service providers and other retail tenants.

The company has historically concentrated its portfolio in secondary and tertiary markets across the Mid-Atlantic and Southeastern United States.