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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRPGet Free Report) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 9,083 shares, a decline of 23.8% from the February 26th total of 11,913 shares. Based on an average daily trading volume, of 2,672 shares, the days-to-cover ratio is presently 3.4 days.

Wheeler Real Estate Investment Trust Trading Up 0.6%

Shares of NASDAQ WHLRP opened at $7.00 on Friday. Wheeler Real Estate Investment Trust has a 12-month low of $3.00 and a 12-month high of $7.70. The firm’s 50-day simple moving average is $6.50 and its 200 day simple moving average is $5.10.

Wheeler Real Estate Investment Trust (NASDAQ:WHLRPGet Free Report) last posted its quarterly earnings data on Thursday, March 5th. The company reported ($2.67) earnings per share for the quarter. The business had revenue of $25.17 million for the quarter.

Institutional Trading of Wheeler Real Estate Investment Trust

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Susquehanna International Group LLP acquired a new position in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRPFree Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 15,857 shares of the company’s stock, valued at approximately $67,000.

Wheeler Real Estate Investment Trust Company Profile

(Get Free Report)

Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRP) is a real estate investment trust that specializes in the acquisition and management of single-tenant retail and industrial properties under long-term, triple-net leases. The company’s investment strategy focuses on securing creditworthy tenants—often in sectors such as automotive services, fast food, medical services and banking—to generate stable, predictable rental income over the life of each lease.

Wheeler REIT’s portfolio spans a broad range of lower-middle market properties across the United States, offering geographic diversification and reducing exposure to any single market or tenant.

Further Reading

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