Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Down 64.6% in March

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 25,000 shares, a decrease of 64.6% from the March 15th total of 70,600 shares. Based on an average trading volume of 277,800 shares, the days-to-cover ratio is presently 0.1 days. Approximately 4.2% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

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

Wheeler Real Estate Investment Trust Price Performance

Wheeler Real Estate Investment Trust stock opened at $1.48 on Wednesday. Wheeler Real Estate Investment Trust has a 1-year low of $1.47 and a 1-year high of $3,588.00. The stock has a market capitalization of $344,840.00, a price-to-earnings ratio of 0.00 and a beta of 1.90. The business has a fifty day moving average price of $8.87 and a 200-day moving average price of $85.40.

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

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.