Short Interest in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Expands By 81.9%

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 95,500 shares, a growth of 81.9% from the October 15th total of 52,500 shares. Based on an average trading volume of 2,040,000 shares, the short-interest ratio is presently 0.0 days. Currently, 7.4% of the company’s shares are short sold.

Wheeler Real Estate Investment Trust Stock Up 0.6 %

Shares of NASDAQ WHLR opened at $7.25 on Wednesday. The business has a fifty day simple moving average of $9.32 and a two-hundred day simple moving average of $9.80. The firm has a market cap of $6.53 million, a PE ratio of -0.04 and a beta of 1.58. Wheeler Real Estate Investment Trust has a twelve month low of $2.90 and a twelve month high of $235.08.

Insider Buying and Selling

In related news, major shareholder Magnolia Capital Fund, Lp sold 3,600 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $19.14, for a total transaction of $68,904.00. Following the completion of the sale, the insider now directly owns 310,189 shares of the company’s stock, valued at approximately $5,937,017.46. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 42,820 shares of company stock valued at $841,878. 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.