Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) Short Interest Update

Mackenzie Realty Capital, Inc. (NASDAQ:MKZR) was the recipient of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 14,727 shares, an increase of 50.1% from the July 30th total of 9,810 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average daily volume of 264,282 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Mackenzie Realty Capital from a “sell (e+)” rating to a “sell (e)” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Mackenzie Realty Capital Stock Up 0.7%

Mackenzie Realty Capital stock traded up $0.01 during midday trading on Wednesday, reaching $1.50. The stock had a trading volume of 2,911 shares, compared to its average volume of 40,189. Mackenzie Realty Capital has a 12 month low of $0.83 and a 12 month high of $6.99. The firm’s 50-day moving average price is $1.55 and its 200 day moving average price is $2.55. The firm has a market capitalization of $3.38 million, a PE ratio of -0.24 and a beta of -0.48.

Insider Activity

In related news, General Counsel Charles E. Patterson II bought 23,400 shares of the business’s stock in a transaction that occurred on Monday, August 10th. The shares were bought at an average price of $1.60 per share, with a total value of $37,440.00. Following the completion of the transaction, the general counsel directly owned 100,000 shares in the company, valued at approximately $160,000. This represents a 30.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Treasurer Glen W. Fuller acquired 23,400 shares of the company’s stock in a transaction on Monday, August 10th. The shares were bought at an average price of $1.60 per share, for a total transaction of $37,440.00. Following the completion of the purchase, the treasurer owned 100,000 shares in the company, valued at approximately $160,000. This represents a 30.55% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 100,200 shares of company stock worth $160,020 over the last 90 days. 6.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Mackenzie Realty Capital

Hedge funds and other institutional investors have recently modified their holdings of the business. Citadel Advisors LLC bought a new position in Mackenzie Realty Capital in the 3rd quarter worth approximately $58,000. Geode Capital Management LLC raised its holdings in Mackenzie Realty Capital by 33.1% during the 4th quarter. Geode Capital Management LLC now owns 21,415 shares of the company’s stock valued at $87,000 after acquiring an additional 5,331 shares during the period. Jane Street Group LLC bought a new stake in Mackenzie Realty Capital during the 4th quarter valued at $93,000. Concorde Asset Management LLC lifted its position in shares of Mackenzie Realty Capital by 14.1% during the fourth quarter. Concorde Asset Management LLC now owns 27,240 shares of the company’s stock worth $111,000 after acquiring an additional 3,360 shares in the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new stake in shares of Mackenzie Realty Capital during the fourth quarter worth $168,000.

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.