Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Up 136.9% in February

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 138,716 shares, an increase of 136.9% from the January 29th total of 58,557 shares. Currently, 41.5% of the company’s shares are short sold. Based on an average trading volume of 2,905,275 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 2,905,275 shares, the days-to-cover ratio is currently 0.0 days. Currently, 41.5% of the company’s shares are short sold.

Institutional Trading of Wheeler Real Estate Investment Trust

Several hedge funds and other institutional investors have recently modified their holdings of the company. HRT Financial LP purchased a new position in Wheeler Real Estate Investment Trust in the fourth quarter valued at about $38,000. Jane Street Group LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust during the 4th quarter worth about $62,000. Finally, Bank of America Corp DE acquired a new stake in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at about $80,000. 35.28% of the stock is currently owned by hedge funds and other institutional investors.

Wheeler Real Estate Investment Trust Stock Performance

Wheeler Real Estate Investment Trust stock opened at $2.05 on Friday. Wheeler Real Estate Investment Trust has a twelve month low of $1.53 and a twelve month high of $595.50. The firm has a market cap of $1.41 million, a PE ratio of 0.00 and a beta of 1.36. The firm’s 50 day moving average price is $2.60 and its two-hundred day moving average price is $4.47.

Wall Street Analyst Weigh In

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