Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Down 28.9% in January

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 16,858 shares, a drop of 28.9% from the December 31st total of 23,713 shares. Based on an average daily trading volume, of 82,483 shares, the days-to-cover ratio is currently 0.2 days. Currently, 1.0% of the company’s shares are short sold. Currently, 1.0% of the company’s shares are short sold. Based on an average daily trading volume, of 82,483 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Mackenzie Realty Capital presently has an average rating of “Sell”.

Mackenzie Realty Capital Trading Down 3.4%

Shares of Mackenzie Realty Capital stock opened at $4.31 on Friday. Mackenzie Realty Capital has a 1 year low of $3.26 and a 1 year high of $31.80. The company has a market cap of $7.98 million, a P/E ratio of -0.40 and a beta of -1.16. The stock has a 50-day moving average price of $4.20 and a 200 day moving average price of $5.00.

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

Institutional Investors Weigh In On Mackenzie Realty Capital

A number of institutional investors have recently modified their holdings of MKZR. Geode Capital Management LLC increased its stake in shares of Mackenzie Realty Capital by 1.6% in the second quarter. Geode Capital Management LLC now owns 158,105 shares of the company’s stock worth $104,000 after acquiring an additional 2,530 shares during the last quarter. Legacy Wealth Managment LLC ID increased its holdings in shares of Mackenzie Realty Capital by 7.1% during the 2nd quarter. Legacy Wealth Managment LLC ID now owns 125,366 shares of the company’s stock valued at $84,000 after acquiring an additional 8,268 shares during the last quarter. Savvy Advisors Inc. increased its holdings 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 valued at $58,000 after acquiring an additional 72,467 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of Mackenzie Realty Capital in the 3rd quarter valued at approximately $58,000.

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.