Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Sees Large Decrease in Short Interest

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the recipient of a significant decrease in short interest during the month of November. As of November 15th, there was short interest totalling 12,000 shares, a decrease of 87.4% from the October 31st total of 95,500 shares. Based on an average trading volume of 1,020,000 shares, the short-interest ratio is currently 0.0 days. Approximately 1.9% of the company’s stock are sold short.

Wheeler Real Estate Investment Trust Stock Performance

Shares of NASDAQ WHLR opened at $8.21 on Friday. The firm’s 50 day moving average price is $9.68 and its 200-day moving average price is $8.96. Wheeler Real Estate Investment Trust has a 52-week low of $5.79 and a 52-week high of $470.16. The company has a market cap of $5.34 million, a PE ratio of -0.02 and a beta of 1.58.

Insider Transactions at Wheeler Real Estate Investment Trust

In related news, major shareholder Magnolia Capital Fund, Lp sold 9,380 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $20.48, for a total value of $192,102.40. Following the transaction, the insider now owns 261,326 shares in the company, valued at $5,351,956.48. The trade was a 3.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 35,363 shares of company stock valued at $699,922. Insiders own 40.62% of the company’s stock.

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.