Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Update

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 43,142 shares, a drop of 70.2% from the February 26th total of 144,972 shares. Approximately 7.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 140,126 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 140,126 shares, the short-interest ratio is presently 0.3 days. Approximately 7.0% of the shares of the stock are sold short.

Wheeler Real Estate Investment Trust Stock Performance

Shares of WHLR opened at $1.18 on Wednesday. Wheeler Real Estate Investment Trust has a fifty-two week low of $1.02 and a fifty-two week high of $301.50. The company has a market capitalization of $1.69 million, a PE ratio of 0.00 and a beta of 1.38. The stock has a fifty day moving average of $2.47 and a two-hundred day moving average of $3.39.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last posted its quarterly earnings data on Thursday, March 5th. The real estate investment trust reported ($2.67) earnings per share (EPS) for the quarter. The business had revenue of $25.17 million for the quarter. Wheeler Real Estate Investment Trust had a negative return on equity of 78.92% and a net margin of 11.86%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on WHLR shares. Weiss Ratings restated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Friday, January 9th. Wall Street Zen downgraded shares of Wheeler Real Estate Investment Trust from a “hold” rating to a “sell” rating in a research note on Saturday, March 14th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Wheeler Real Estate Investment Trust currently has an average rating of “Sell”.

Institutional Trading of Wheeler Real Estate Investment Trust

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE acquired a new stake in Wheeler Real Estate Investment Trust during the 2nd quarter worth approximately $80,000. HRT Financial LP acquired a new position in Wheeler Real Estate Investment Trust during the fourth quarter valued at approximately $38,000. Finally, Jane Street Group LLC acquired a new position in Wheeler Real Estate Investment Trust during the fourth quarter valued at approximately $62,000. 35.28% of the stock is owned by institutional investors and hedge funds.

Wheeler Real Estate Investment Trust Company Profile

Wheeler Real Estate Investment Trust, Inc is a publicly traded real estate investment trust focused on the acquisition, ownership and management of single-tenant, operationally essential real estate in the United States. The company targets free-standing properties leased to creditworthy tenants under long-term net leases, providing predictable income streams and capital preservation. Its portfolio spans a broad range of retail, service and light industrial properties, with an emphasis on assets where tenants are responsible for property taxes, insurance and maintenance.

The trust’s assets are primarily concentrated in consumer-oriented businesses such as discount retailers, quick-service restaurants and healthcare services, among others.