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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRP) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 11,913 shares, a drop of 15.2% from the February 12th total of 14,044 shares. Based on an average daily volume of 3,043 shares, the days-to-cover ratio is presently 3.9 days. Based on an average daily volume of 3,043 shares, the days-to-cover ratio is presently 3.9 days.

Wheeler Real Estate Investment Trust Stock Performance

NASDAQ WHLRP opened at $6.90 on Tuesday. The company’s 50-day moving average price is $6.31 and its 200-day moving average price is $4.91. Wheeler Real Estate Investment Trust has a 12 month low of $3.00 and a 12 month high of $7.46.

Wheeler Real Estate Investment Trust (NASDAQ:WHLRP) last posted its quarterly earnings results on Thursday, March 5th. The company reported ($2.67) EPS for the quarter. The company had revenue of $25.17 million for the quarter.

Institutional Trading of Wheeler Real Estate Investment Trust

Several institutional investors and hedge funds have recently modified their holdings of the stock. Magnetar Financial LLC purchased a new stake in shares of Wheeler Real Estate Investment Trust in the second quarter valued at approximately $866,000. Ursa Fund Management LLC increased its holdings in Wheeler Real Estate Investment Trust by 57.5% during the 3rd quarter. Ursa Fund Management LLC now owns 197,292 shares of the company’s stock worth $835,000 after purchasing an additional 71,992 shares during the period. Finally, Susquehanna International Group LLP bought a new stake in Wheeler Real Estate Investment Trust during the 3rd quarter valued at $67,000.

Wheeler Real Estate Investment Trust Company Profile

Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRP) is a real estate investment trust that specializes in the acquisition and management of single-tenant retail and industrial properties under long-term, triple-net leases. The company’s investment strategy focuses on securing creditworthy tenants—often in sectors such as automotive services, fast food, medical services and banking—to generate stable, predictable rental income over the life of each lease.

Wheeler REIT’s portfolio spans a broad range of lower-middle market properties across the United States, offering geographic diversification and reducing exposure to any single market or tenant.