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

by · The Cerbat Gem

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRL – Get Free Report) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,249 shares, an increase of 3,022.5% from the May 31st total of 40 shares. Based on an average trading volume of 4,281 shares, the short-interest ratio is presently 0.3 days.

Wheeler Real Estate Investment Trust Stock Down 1.2%

Shares of WHLRL stock opened at $78.17 on Friday. The business’s fifty day moving average price is $80.51 and its 200 day moving average price is $87.50. Wheeler Real Estate Investment Trust has a 1-year low of $78.00 and a 1-year high of $151.50.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Wheeler Real Estate Investment Trust in a report on Thursday, June 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Read Our Latest Stock Report on WHLRL

Wheeler Real Estate Investment Trust Company Profile

(Get Free Report)

Wheeler Real Estate Investment Trust, Inc (NASDAQ: WHLRL) is a publicly traded real estate investment trust that acquires and owns single-tenant net leased properties critical to everyday consumer needs. The company’s portfolio is focused on net leased retail assets under long-term, triple-net leases, providing stable rental income while transferring most property-level expenses to tenants.

The trust’s holdings span a diverse range of property types, including restaurants, convenience stores, automotive service centers and other service-oriented businesses.

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