Wheeler Real Estate Investment Trust Inc (WHLR) Short Interest Update

Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) was the target of a significant growth in short interest in January. As of January 31st, there was short interest totalling 1,151,307 shares, a growth of 92.3% from the January 12th total of 598,685 shares. Currently, 15.2% of the shares of the stock are short sold. Based on an average daily volume of 235,064 shares, the short-interest ratio is presently 4.9 days.

A number of institutional investors have recently modified their holdings of WHLR. Virtu KCG Holdings LLC purchased a new position in Wheeler Real Estate Investment Trust in the second quarter worth approximately $103,000. Renaissance Technologies LLC purchased a new position in Wheeler Real Estate Investment Trust in the fourth quarter worth approximately $145,000. Dimensional Fund Advisors LP purchased a new position in Wheeler Real Estate Investment Trust in the second quarter worth approximately $159,000. Kovack Advisors Inc. purchased a new position in Wheeler Real Estate Investment Trust in the fourth quarter worth approximately $245,000. Finally, Boston Partners purchased a new position in Wheeler Real Estate Investment Trust in the third quarter worth approximately $2,475,000. Institutional investors own 28.81% of the company’s stock.

WHLR has been the subject of a number of analyst reports. Compass Point lowered Wheeler Real Estate Investment Trust from a “buy” rating to a “neutral” rating in a research report on Friday, November 3rd. B. Riley restated a “buy” rating on shares of Wheeler Real Estate Investment Trust in a research report on Wednesday, November 1st. ValuEngine upgraded Wheeler Real Estate Investment Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Zacks Investment Research upgraded Wheeler Real Estate Investment Trust from a “strong sell” rating to a “hold” rating in a research report on Saturday, January 13th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $13.80.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) opened at $5.22 on Wednesday. The firm has a market capitalization of $45.58, a P/E ratio of -2.34 and a beta of 0.83. Wheeler Real Estate Investment Trust has a 52-week low of $4.75 and a 52-week high of $14.64. The company has a debt-to-equity ratio of 7.05, a current ratio of 3.37 and a quick ratio of 3.37.

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Wheeler Real Estate Investment Trust Company Profile

Wheeler Real Estate Investment Trust, Inc is a self-managed commercial real estate investment company. The Company focuses on acquiring and managing retail properties with a primary focus on grocery-anchored centers. As of December 31, 2016, the Company owned a portfolio consisting of 74 properties, including 59 retail shopping centers and five freestanding retail properties totaling 4,906,511 gross leasable square feet of which approximately 94% were leased, one office property, eight undeveloped land parcels totaling approximately 70 acres and one redevelopment project.

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