Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Stock Short Interest Declines 54.3%

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR – Get Free Report) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 258,807 shares, a drop of 54.3% from the August 31st total of 566,046 shares. Currently, 94.8% of the shares of the stock are sold short. Based on an average trading volume of 1,272,288 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

A number of research analysts have commented on WHLR shares. Weiss Ratings upgraded shares of Wheeler Real Estate Investment Trust from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, August 26th. Wall Street Zen upgraded Wheeler Real Estate Investment Trust to a “hold” rating in a research note on Saturday, July 4th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

View Our Latest Report on WHLR

Insider Activity at Wheeler Real Estate Investment Trust

In other news, major shareholder Financial Lp Hrt sold 369 shares of Wheeler Real Estate Investment Trust stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $88.20, for a total transaction of $32,545.80. Following the sale, the insider directly owned 529 shares in the company, valued at approximately $46,657.80. The trade was a 41.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have bought 2,505 shares of company stock worth $33,497. 51.93% of the stock is currently owned by company insiders.

Wheeler Real Estate Investment Trust Stock Performance

Shares of NASDAQ:WHLR traded down $0.04 on Wednesday, hitting $3.30. The stock had a trading volume of 205,350 shares, compared to its average volume of 728,320. The firm’s 50 day moving average price is $13.79 and its 200-day moving average price is $2,733.66. Wheeler Real Estate Investment Trust has a twelve month low of $1.65 and a twelve month high of $82,942.70. The company has a market capitalization of $1.88 million, a price-to-earnings ratio of -0.00 and a beta of 1.05.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR – Get Free Report) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported $314.82 earnings per share (EPS) for the quarter. The business had revenue of $22.48 million during the quarter. Wheeler Real Estate Investment Trust had a net margin of 14.99% and a negative return on equity of 186.97%.

About Wheeler Real Estate Investment Trust

(Get Free Report)

Wheeler Real Estate Investment Trust, Inc is a real estate investment trust focused on the ownership, acquisition, leasing and management of income-producing retail properties. The company’s portfolio has historically been concentrated in grocery-anchored shopping centers, where supermarkets serve as primary tenants and attract customers to complementary retailers such as restaurants, service providers and specialty stores.

Wheeler Real Estate Investment Trust has generally targeted retail properties in secondary and smaller markets, with a geographic emphasis on the southeastern and Mid-Atlantic regions of the United States.

Featured Articles

Receive News & Ratings for Wheeler Real Estate Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wheeler Real Estate Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.