Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Update

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 95,500 shares, a growth of 81.9% from the October 15th total of 52,500 shares. Based on an average trading volume of 2,040,000 shares, the days-to-cover ratio is currently 0.0 days. Currently, 7.4% of the shares of the company are short sold.

Insiders Place Their Bets

In other news, major shareholder Magnolia Capital Fund, Lp sold 13,500 shares of Wheeler Real Estate Investment Trust stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $19.17, for a total value of $258,795.00. Following the sale, the insider now owns 280,289 shares of the company’s stock, valued at $5,373,140.13. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 42,820 shares of company stock valued at $841,878. 40.62% of the stock is owned by company insiders.

Wheeler Real Estate Investment Trust Stock Performance

Wheeler Real Estate Investment Trust stock opened at $6.95 on Thursday. Wheeler Real Estate Investment Trust has a one year low of $2.90 and a one year high of $235.08. The company has a market cap of $6.26 million, a P/E ratio of -0.04 and a beta of 1.58. The business has a fifty day moving average of $9.44 and a two-hundred day moving average of $9.78.

Wheeler Real Estate Investment Trust Company Profile

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.