Short Interest in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Increases By 82.7%

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 24,300 shares, an increase of 82.7% from the June 30th total of 13,300 shares. Based on an average daily trading volume, of 124,800 shares, the short-interest ratio is presently 0.2 days. Approximately 4.5% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Wheeler Real Estate Investment Trust in a report on Wednesday, July 3rd. They issued a “sell” rating on the stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Bandera Partners LLC purchased a new position in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,435,309 shares of the real estate investment trust’s stock, valued at approximately $743,000. Wheeler Real Estate Investment Trust comprises about 0.2% of Bandera Partners LLC’s portfolio, making the stock its 18th largest position. Bandera Partners LLC owned 75.40% of Wheeler Real Estate Investment Trust at the end of the most recent reporting period. Institutional investors and hedge funds own 35.28% of the company’s stock.

Wheeler Real Estate Investment Trust Trading Down 3.3 %

Shares of NASDAQ:WHLR traded down $0.31 during midday trading on Friday, hitting $8.96. 35,936 shares of the company’s stock were exchanged, compared to its average volume of 72,983. Wheeler Real Estate Investment Trust has a 12 month low of $7.35 and a 12 month high of $1,130.40. The stock has a 50 day moving average price of $11.72 and a 200-day moving average price of $20.29.

About Wheeler Real Estate Investment Trust

Headquartered in Virginia Beach, Virginia, Wheeler Real Estate Investment Trust, Inc is a fully integrated, self-managed commercial real estate investment trust (REIT) focused on owning and operating income-producing retail properties with a primary focus on grocery-anchored centers.