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

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 70,600 shares, a drop of 61.3% from the February 28th total of 182,400 shares. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is currently 0.1 days. Approximately 2.4% of the shares of the company are short sold.

Wheeler Real Estate Investment Trust Stock Performance

Wheeler Real Estate Investment Trust stock opened at $3.30 on Friday. Wheeler Real Estate Investment Trust has a one year low of $2.92 and a one year high of $3,588.00. The company has a 50-day simple moving average of $18.27 and a 200-day simple moving average of $101.92. The firm has a market capitalization of $768,900.00, a P/E ratio of 0.00 and a beta of 1.64.

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

Analysts Set New Price Targets

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

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.