Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Up 574.2% in November

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 80,900 shares, a growth of 574.2% from the November 15th total of 12,000 shares. Based on an average daily volume of 603,100 shares, the days-to-cover ratio is currently 0.1 days. Approximately 6.2% of the company’s shares are sold short.

Insiders Place Their Bets

In other Wheeler Real Estate Investment Trust news, major shareholder Magnolia Capital Fund, Lp sold 9,380 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $20.48, for a total value of $192,102.40. Following the sale, the insider now owns 261,326 shares in the company, valued at $5,351,956.48. This trade represents a 3.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 40.62% of the stock is owned by insiders.

Wheeler Real Estate Investment Trust Trading Down 0.4 %

NASDAQ WHLR opened at $4.44 on Friday. The stock has a market cap of $2.87 million, a PE ratio of -0.01 and a beta of 1.43. Wheeler Real Estate Investment Trust has a 12 month low of $4.29 and a 12 month high of $252.00. The company’s 50-day moving average price is $8.65 and its 200-day moving average price is $8.43.

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.