Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Down 61.3% in March

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a significant decline in short interest in March. As of March 15th, there was short interest totalling 70,600 shares, a decline of 61.3% from the February 28th total of 182,400 shares. Approximately 2.4% of the shares of the stock are short sold. Based on an average trading volume of 1,200,000 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th.

Wheeler Real Estate Investment Trust Stock Down 6.4 %

NASDAQ WHLR opened at $0.79 on Thursday. Wheeler Real Estate Investment Trust has a 12-month low of $0.79 and a 12-month high of $717.60. The company has a 50-day simple moving average of $4.05 and a two-hundred day simple moving average of $20.70. The firm has a market cap of $921,140.00, a price-to-earnings ratio of 0.00 and a beta of 1.64.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its quarterly earnings data on Tuesday, March 4th. The real estate investment trust reported $18.46 earnings per share (EPS) for the quarter. The company had revenue of $27.59 million for the quarter.

About Wheeler Real Estate Investment Trust

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.