Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Sees Large Growth in Short Interest

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 102,900 shares, a growth of 311.6% from the March 31st total of 25,000 shares. Based on an average daily volume of 1,070,000 shares, the days-to-cover ratio is presently 0.1 days. Currently, 10.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Thursday, March 6th.

Wheeler Real Estate Investment Trust Stock Down 5.8 %

Shares of NASDAQ:WHLR opened at $1.13 on Tuesday. The company has a market capitalization of $1.17 million, a price-to-earnings ratio of 0.00 and a beta of 1.90. The company has a 50 day moving average of $5.33 and a two-hundred day moving average of $69.91. Wheeler Real Estate Investment Trust has a 52-week low of $1.09 and a 52-week high of $3,588.00.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last announced its earnings results on Tuesday, March 4th. The real estate investment trust reported $92.30 earnings per share for the quarter. The firm had revenue of $27.59 million during the quarter.

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.