Short Interest in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Decreases By 97.9%

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the target of a significant decrease in short interest in May. As of May 15th, there was short interest totalling 5,600 shares, a decrease of 97.9% from the April 30th total of 270,100 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 186,300 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

Separately, Wall Street Zen raised Wheeler Real Estate Investment Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, May 20th.

Wheeler Real Estate Investment Trust Price Performance

Shares of NASDAQ:WHLR opened at $4.64 on Thursday. The company has a market capitalization of $14.25 million, a P/E ratio of 0.00 and a beta of 1.66. Wheeler Real Estate Investment Trust has a 1 year low of $0.64 and a 1 year high of $3,588.00. The business’s 50 day simple moving average is $1.96 and its 200 day simple moving average is $42.50.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $1.32 earnings per share for the quarter. The business had revenue of $24.35 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.