Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Up 590.9% in February

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) was the target of a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 182,400 shares, an increase of 590.9% from the February 13th total of 26,400 shares. Based on an average daily trading volume, of 1,180,000 shares, the days-to-cover ratio is currently 0.2 days. Approximately 6.2% of the company’s shares are sold short.

Wheeler Real Estate Investment Trust Trading Up 4.5 %

Shares of WHLR opened at $1.16 on Friday. The company has a market capitalization of $1.35 million, a PE ratio of 0.00 and a beta of 1.64. The stock’s 50-day moving average price is $6.15 and its two-hundred day moving average price is $21.33. Wheeler Real Estate Investment Trust has a 12 month low of $1.03 and a 12 month high of $717.60.

Wheeler Real Estate Investment Trust (NASDAQ:WHLR) last released its quarterly earnings results on Tuesday, March 4th. The real estate investment trust reported $18.46 earnings per share (EPS) for the quarter. The firm had revenue of $27.59 million for the quarter.

Analysts Set New Price Targets

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

Wheeler Real Estate Investment Trust Company Profile

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.