Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Down 15.3% in January

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 58,557 shares, a drop of 15.3% from the January 15th total of 69,173 shares. Based on an average daily trading volume, of 158,766 shares, the days-to-cover ratio is presently 0.4 days. Approximately 17.5% of the shares of the company are short sold. Approximately 17.5% of the shares of the company are short sold. Based on an average daily trading volume, of 158,766 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. 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 lowered Wheeler Real Estate Investment Trust from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Wheeler Real Estate Investment Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in Wheeler Real Estate Investment Trust during the fourth quarter worth approximately $62,000. HRT Financial LP acquired a new position in shares of Wheeler Real Estate Investment Trust during the 4th quarter worth approximately $38,000. Finally, Bank of America Corp DE purchased a new position in shares of Wheeler Real Estate Investment Trust during the 2nd quarter valued at approximately $80,000. Hedge funds and other institutional investors own 35.28% of the company’s stock.

Wheeler Real Estate Investment Trust Price Performance

WHLR opened at $1.66 on Wednesday. The firm has a fifty day moving average price of $2.77 and a 200 day moving average price of $4.98. Wheeler Real Estate Investment Trust has a 1 year low of $1.65 and a 1 year high of $654.00. The stock has a market cap of $1.15 million, a P/E ratio of 0.00 and a beta of 1.36.

About Wheeler Real Estate Investment Trust

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.