Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Down 15.3% in January

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the target of a large decline in short interest in January. As of January 30th, there was short interest totaling 58,557 shares, a decline of 15.3% from the January 15th total of 69,173 shares. Approximately 17.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 158,766 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 158,766 shares, the days-to-cover ratio is presently 0.4 days. Approximately 17.5% of the shares of the stock are sold short.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC bought a new position in shares of Wheeler Real Estate Investment Trust in the 4th quarter worth $62,000. HRT Financial LP bought a new stake in shares of Wheeler Real Estate Investment Trust during the 4th quarter worth $38,000. Finally, Bank of America Corp DE purchased a new position in Wheeler Real Estate Investment Trust in the second quarter worth $80,000. Hedge funds and other institutional investors own 35.28% of the company’s stock.

Wheeler Real Estate Investment Trust Trading Down 9.7%

Shares of NASDAQ WHLR opened at $1.87 on Monday. The business has a 50-day moving average of $2.87 and a 200-day moving average of $5.20. The firm has a market capitalization of $1.29 million, a price-to-earnings ratio of 0.00 and a beta of 1.36. Wheeler Real Estate Investment Trust has a 12 month low of $1.86 and a 12 month high of $703.56.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on WHLR shares. Wall Street Zen cut shares of Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

About Wheeler Real Estate Investment Trust

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.