Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Down 87.4% in November

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a large decline in short interest in November. As of November 15th, there was short interest totalling 12,000 shares, a decline of 87.4% from the October 31st total of 95,500 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,020,000 shares, the days-to-cover ratio is presently 0.0 days.

Insider Activity

In related news, major shareholder Magnolia Capital Fund, Lp sold 2,900 shares of Wheeler Real Estate Investment Trust stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $19.05, for a total transaction of $55,245.00. Following the sale, the insider now directly owns 293,789 shares of the company’s stock, valued at approximately $5,596,680.45. The trade was a 0.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 38,963 shares of company stock worth $768,826. 51.40% of the stock is currently owned by corporate insiders.

Wheeler Real Estate Investment Trust Stock Performance

Shares of WHLR traded down $0.03 during trading hours on Wednesday, reaching $8.20. The stock had a trading volume of 15,430 shares, compared to its average volume of 299,425. The stock has a market capitalization of $5.33 million, a PE ratio of -0.02 and a beta of 1.58. Wheeler Real Estate Investment Trust has a 12 month low of $5.79 and a 12 month high of $470.16. The company’s 50-day moving average is $9.65 and its two-hundred day moving average is $8.96.

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.