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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the recipient of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 70,600 shares, a decrease of 61.3% from the February 28th total of 182,400 shares. Currently, 2.4% of the company’s stock are sold short. Based on an average trading volume of 1,200,000 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of 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 3.8 %

Shares of NASDAQ WHLR opened at $3.80 on Friday. The stock’s 50 day moving average price is $19.19 and its two-hundred day moving average price is $102.82. Wheeler Real Estate Investment Trust has a 52-week low of $3.32 and a 52-week high of $3,588.00. The stock has a market capitalization of $4.43 million, a P/E ratio of 0.00 and a beta of 1.64.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its quarterly 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.