Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Sees Significant Increase in Short Interest

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 247,300 shares, a growth of 732.7% from the May 31st total of 29,700 shares. Based on an average daily volume of 521,700 shares, the days-to-cover ratio is presently 0.5 days. Currently, 9.1% of the company’s stock are sold short.

Institutional Trading of Wheeler Real Estate Investment Trust

An institutional investor recently raised its position in Wheeler Real Estate Investment Trust stock. Stilwell Value LLC raised its position in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) by 62.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,912,371 shares of the real estate investment trust’s stock after buying an additional 13,041,184 shares during the quarter. Wheeler Real Estate Investment Trust comprises 4.0% of Stilwell Value LLC’s portfolio, making the stock its 4th largest position. Stilwell Value LLC owned approximately 49.85% of Wheeler Real Estate Investment Trust worth $5,324,000 at the end of the most recent quarter. 35.28% of the stock is currently owned by institutional investors.

Wheeler Real Estate Investment Trust Price Performance

Shares of WHLR stock opened at $2.65 on Friday. The company’s fifty day moving average price is $14.25 and its two-hundred day moving average price is $24.50. The firm has a market capitalization of $7.53 million, a P/E ratio of 0.00 and a beta of 1.42. Wheeler Real Estate Investment Trust has a 12 month low of $1.47 and a 12 month high of $226.08.

Wheeler Real Estate Investment Trust Company Profile

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.