Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Update

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the target of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 9,862 shares, a decline of 41.5% from the January 15th total of 16,858 shares. Based on an average daily volume of 15,234 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.6% of the company’s stock are short sold. Approximately 0.6% of the company’s stock are short sold. Based on an average daily volume of 15,234 shares, the days-to-cover ratio is presently 0.6 days.

Mackenzie Realty Capital Trading Down 0.5%

Shares of MKZR stock traded down $0.02 during trading hours on Friday, hitting $3.88. 9,130 shares of the company were exchanged, compared to its average volume of 36,343. The stock has a market capitalization of $7.18 million, a price-to-earnings ratio of -0.36 and a beta of -1.11. The firm has a fifty day simple moving average of $4.21 and a 200 day simple moving average of $4.83. Mackenzie Realty Capital has a 52-week low of $3.26 and a 52-week high of $31.80.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Mackenzie Realty Capital in a research report on Friday, January 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Mackenzie Realty Capital has a consensus rating of “Sell”.

Hedge Funds Weigh In On Mackenzie Realty Capital

Several large investors have recently modified their holdings of the business. Savvy Advisors Inc. raised its position in shares of Mackenzie Realty Capital by 494.1% in the second quarter. Savvy Advisors Inc. now owns 87,133 shares of the company’s stock valued at $58,000 after purchasing an additional 72,467 shares during the period. Citadel Advisors LLC purchased a new position in shares of Mackenzie Realty Capital in the third quarter valued at $58,000. Legacy Wealth Managment LLC ID lifted its holdings in 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 worth $84,000 after purchasing an additional 8,268 shares in the last quarter. Geode Capital Management LLC boosted its stake in Mackenzie Realty Capital by 33.1% in the 4th quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock worth $87,000 after purchasing an additional 5,331 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Mackenzie Realty Capital during the fourth quarter valued at about $93,000.

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.