Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRL) Short Interest Down 80.1% in June

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRL) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 249 shares, a decline of 80.1% from the June 15th total of 1,249 shares. Based on an average daily trading volume, of 406 shares, the days-to-cover ratio is presently 0.6 days.

Wheeler Real Estate Investment Trust Stock Performance

NASDAQ:WHLRL remained flat at $80.00 during mid-day trading on Friday. The company’s 50 day moving average price is $80.34 and its two-hundred day moving average price is $86.74. Wheeler Real Estate Investment Trust has a 1 year low of $78.00 and a 1 year high of $151.50.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Wheeler Real Estate Investment Trust currently has a consensus rating of “Sell”.

About Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRL) is a publicly traded real estate investment trust that acquires and owns single-tenant net leased properties critical to everyday consumer needs. The company’s portfolio is focused on net leased retail assets under long-term, triple-net leases, providing stable rental income while transferring most property-level expenses to tenants.

The trust’s holdings span a diverse range of property types, including restaurants, convenience stores, automotive service centers and other service-oriented businesses.