Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Up 365.7% in December

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 10,916 shares, an increase of 365.7% from the November 30th total of 2,344 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average trading volume of 53,407 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 53,407 shares, the short-interest ratio is presently 0.2 days. Currently, 0.6% of the company’s stock are short sold.

Mackenzie Realty Capital Trading Down 4.0%

Mackenzie Realty Capital stock opened at $3.89 on Thursday. The company has a fifty day simple moving average of $4.44 and a 200-day simple moving average of $5.44. The stock has a market cap of $7.20 million and a P/E ratio of -0.36. Mackenzie Realty Capital has a 12-month low of $3.26 and a 12-month high of $42.70.

Mackenzie Realty Capital (NASDAQ:MKZR) last posted its quarterly earnings results on Monday, September 29th. The company reported ($7.86) earnings per share for the quarter. The business had revenue of $2.38 million during the quarter.

Insider Buying and Selling

In related news, insider Jeri Ruth Bluth acquired 14,000 shares of Mackenzie Realty Capital stock in a transaction dated Thursday, October 2nd. The shares were acquired at an average cost of $5.06 per share, for a total transaction of $70,840.00. Following the completion of the purchase, the insider owned 85,855 shares in the company, valued at approximately $434,426.30. The trade was a 19.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Treasurer Glen W. Fuller bought 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The stock was bought at an average price of $5.06 per share, with a total value of $70,840.00. Following the completion of the acquisition, the treasurer owned 85,855 shares of the company’s stock, valued at $434,426.30. This trade represents a 19.48% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 66,946 shares of company stock worth $331,798 over the last ninety days. Insiders own 6.30% of the company’s stock.

Institutional Investors Weigh In On Mackenzie Realty Capital

Several institutional investors have recently added to or reduced their stakes in the business. Armistice Capital LLC acquired a new position in Mackenzie Realty Capital in the first quarter valued at approximately $2,169,000. Concorde Asset Management LLC raised its holdings in Mackenzie Realty Capital by 313.4% during the first quarter. Concorde Asset Management LLC now owns 98,100 shares of the company’s stock worth $147,000 after purchasing an additional 74,372 shares in the last quarter. Savvy Advisors Inc. lifted its position in shares of Mackenzie Realty Capital by 494.1% during the 2nd quarter. Savvy Advisors Inc. now owns 87,133 shares of the company’s stock worth $58,000 after buying an additional 72,467 shares during the last quarter. Citadel Advisors LLC acquired a new position in shares of Mackenzie Realty Capital in the 3rd quarter valued at $58,000. Finally, Legacy Wealth Managment LLC ID grew its position in shares of Mackenzie Realty Capital by 7.1% in the 2nd quarter. Legacy Wealth Managment LLC ID now owns 125,366 shares of the company’s stock valued at $84,000 after buying an additional 8,268 shares during the last quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Mackenzie Realty Capital Company Profile

Mackenzie Realty Capital, Inc (NASDAQ:MKZR) is a real estate finance company that focuses on originating, acquiring and managing a diversified portfolio of real estate credit investments. The company’s offerings include first-lien mortgage loans, B-notes, mezzanine financing and short-term bridge loans secured by residential and small multifamily properties. By emphasizing collateral quality and short-to-medium-term maturities, Mackenzie Realty Capital aims to generate stable income streams and attractive risk-adjusted returns.

Since its initial public offering, Mackenzie Realty Capital has deployed capital across a variety of property types, including single-family rental communities, garden-style apartment complexes and mixed-use developments.