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 significant growth in short interest in 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 daily volume of 2,040,000 shares, the short-interest ratio is presently 0.0 days. Approximately 7.4% of the shares of the stock are sold short.

Insiders Place Their Bets

In related news, major shareholder Magnolia Capital Fund, Lp sold 9,380 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $20.48, for a total value of $192,102.40. Following the sale, the insider now directly owns 261,326 shares in the company, valued at $5,351,956.48. The trade was a 3.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 42,820 shares of company stock worth $841,878 over the last ninety days. Company insiders own 40.62% of the company’s stock.

Wheeler Real Estate Investment Trust Stock Up 2.6 %

NASDAQ WHLR opened at $7.00 on Friday. The business’s fifty day moving average is $9.49 and its two-hundred day moving average is $9.76. Wheeler Real Estate Investment Trust has a 1 year low of $2.90 and a 1 year high of $235.08.

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.