Short Interest in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Increases By 732.7%

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totalling 247,300 shares, a growth of 732.7% from the May 31st total of 29,700 shares. Based on an average daily volume of 521,700 shares, the days-to-cover ratio is currently 0.5 days. Approximately 9.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Bandera Partners LLC bought a new stake in shares of Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,435,309 shares of the real estate investment trust’s stock, valued at approximately $743,000. Wheeler Real Estate Investment Trust comprises about 0.2% of Bandera Partners LLC’s holdings, making the stock its 18th largest position. Bandera Partners LLC owned about 75.40% of Wheeler Real Estate Investment Trust at the end of the most recent quarter. 35.28% of the stock is currently owned by institutional investors.

Wheeler Real Estate Investment Trust Price Performance

Shares of WHLR traded up $2.28 during trading hours on Friday, reaching $15.53. The stock had a trading volume of 508,028 shares, compared to its average volume of 1,629,388. The firm has a 50-day simple moving average of $14.14 and a 200 day simple moving average of $24.27. Wheeler Real Estate Investment Trust has a 12 month low of $7.35 and a 12 month high of $1,130.40.

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.