Modiv Industrial, Inc. (NYSE:MDV) Short Interest Update

by · The Markets Daily

Modiv Industrial, Inc. (NYSE:MDV – Get Free Report) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 265,369 shares, a growth of 35.8% from the December 15th total of 195,459 shares. Based on an average daily volume of 33,817 shares, the short-interest ratio is currently 7.8 days. Approximately 2.7% of the shares of the stock are short sold. Approximately 2.7% of the shares of the stock are short sold. Based on an average daily volume of 33,817 shares, the short-interest ratio is currently 7.8 days.

Modiv Industrial Stock Down 0.8%

NYSE MDV traded down $0.13 during trading hours on Monday, hitting $14.71. The company’s stock had a trading volume of 35,200 shares, compared to its average volume of 31,827. The stock has a fifty day moving average of $14.58 and a 200 day moving average of $14.65. Modiv Industrial has a twelve month low of $13.62 and a twelve month high of $17.15. The firm has a market capitalization of $151.02 million, a P/E ratio of -56.56 and a beta of -0.31.

Institutional Investors Weigh In On Modiv Industrial

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its holdings in Modiv Industrial by 130.1% during the second quarter. Geode Capital Management LLC now owns 224,351 shares of the company’s stock worth $3,160,000 after buying an additional 126,850 shares during the last quarter. Two Sigma Investments LP bought a new position in Modiv Industrial during the 3rd quarter worth approximately $824,000. Los Angeles Capital Management LLC acquired a new position in Modiv Industrial during the second quarter valued at approximately $693,000. Jane Street Group LLC increased its stake in Modiv Industrial by 129.2% in the first quarter. Jane Street Group LLC now owns 45,494 shares of the company’s stock valued at $730,000 after purchasing an additional 25,645 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in Modiv Industrial by 50.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 75,000 shares of the company’s stock valued at $1,098,000 after purchasing an additional 25,000 shares in the last quarter. Institutional investors own 8.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Modiv Industrial from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Modiv Industrial has an average rating of “Moderate Buy” and an average price target of $18.00.

Check Out Our Latest Analysis on Modiv Industrial

About Modiv Industrial

(Get Free Report)

Modiv Industrial, Inc (NYSE: MDV) is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of single-tenant industrial properties. The company’s portfolio is anchored by net-lease agreements with corporate and public sector tenants, providing stable, long-term cash flows. Modiv Industrial focuses on light manufacturing facilities, warehouse and distribution centers, and similar industrial real estate assets that serve as critical links in supply chains.

Modiv Industrial pursues a geographically diversified strategy, targeting properties in key U.S.

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