Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Up 574.2% in November

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 80,900 shares, an increase of 574.2% from the November 15th total of 12,000 shares. Based on an average trading volume of 603,100 shares, the short-interest ratio is presently 0.1 days. Currently, 6.2% of the shares of the company are short sold.

Insiders Place Their Bets

In other Wheeler Real Estate Investment Trust news, major shareholder Magnolia Capital Fund, Lp sold 9,380 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $20.48, for a total value of $192,102.40. Following the completion of the sale, the insider now owns 261,326 shares in the company, valued at approximately $5,351,956.48. This represents a 3.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 40.62% of the stock is owned by company insiders.

Wheeler Real Estate Investment Trust Trading Down 0.4 %

NASDAQ:WHLR opened at $4.44 on Friday. The stock has a 50-day moving average price of $8.65 and a 200 day moving average price of $8.43. The stock has a market capitalization of $2.87 million, a P/E ratio of -0.01 and a beta of 1.43. Wheeler Real Estate Investment Trust has a 12-month low of $4.29 and a 12-month high of $252.00.

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.