Short Interest in Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Increases By 179.1%

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 22,394 shares, an increase of 179.1% from the April 30th total of 8,024 shares. Based on an average daily trading volume, of 26,953 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.1% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Mackenzie Realty Capital in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Mackenzie Realty Capital Price Performance

MKZR traded up $0.03 during midday trading on Friday, hitting $2.38. 7,758 shares of the company’s stock traded hands, compared to its average volume of 16,423. The company has a market cap of $5.39 million, a PE ratio of -0.39 and a beta of -1.04. The stock’s fifty day simple moving average is $3.07 and its 200-day simple moving average is $3.74. Mackenzie Realty Capital has a one year low of $2.22 and a one year high of $16.90.

Mackenzie Realty Capital (NASDAQ:MKZR) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.98) earnings per share for the quarter. The business had revenue of $6.13 million for the quarter. Mackenzie Realty Capital had a negative net margin of 90.30% and a negative return on equity of 18.99%.

Insider Activity at Mackenzie Realty Capital

In other news, CEO Robert E. Dixon bought 10,000 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was bought at an average cost of $3.50 per share, for a total transaction of $35,000.00. Following the completion of the acquisition, the chief executive officer directly owned 54,241 shares in the company, valued at $189,843.50. This represents a 22.60% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 6.30% of the stock is currently owned by insiders.

Institutional Trading of Mackenzie Realty Capital

Several large investors have recently modified their holdings of MKZR. Quinn Opportunity Partners LLC acquired a new position in Mackenzie Realty Capital in the 4th quarter valued at $168,000. Concorde Asset Management LLC grew its stake in Mackenzie Realty Capital by 14.1% in the 4th quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock valued at $111,000 after buying an additional 3,360 shares during the last quarter. Jane Street Group LLC acquired a new position in Mackenzie Realty Capital in the 4th quarter valued at $93,000. Geode Capital Management LLC grew 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 valued at $87,000 after buying an additional 5,331 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in Mackenzie Realty Capital in the 3rd quarter valued at $58,000.

About Mackenzie Realty Capital

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.