Modiv Industrial, Inc. (NYSE:MDV) Short Interest Up 35.8% in December

by · The Cerbat Gem

Modiv Industrial, Inc. (NYSE:MDV – Get Free Report) was the target of 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. Currently, 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 presently 7.8 days. Based on an average daily volume of 33,817 shares, the short-interest ratio is presently 7.8 days. Currently, 2.7% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Modiv Industrial from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

Get Our Latest Stock Analysis on Modiv Industrial

Modiv Industrial Trading Down 0.8%

Modiv Industrial stock traded down $0.13 during mid-day trading on Friday, hitting $14.71. The company’s stock had a trading volume of 35,200 shares, compared to its average volume of 31,827. Modiv Industrial has a 1 year low of $13.62 and a 1 year high of $17.15. The firm has a market capitalization of $151.02 million, a PE ratio of -56.56 and a beta of -0.31. The stock’s fifty day moving average is $14.58 and its two-hundred day moving average is $14.65.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of MDV. Geode Capital Management LLC raised its stake in shares of Modiv Industrial by 130.1% in the 2nd quarter. Geode Capital Management LLC now owns 224,351 shares of the company’s stock valued at $3,160,000 after acquiring an additional 126,850 shares during the period. Two Sigma Investments LP purchased a new stake in Modiv Industrial in the third quarter valued at approximately $824,000. Los Angeles Capital Management LLC acquired a new position in Modiv Industrial during the second quarter worth $693,000. Jane Street Group LLC boosted its position in shares of Modiv Industrial by 129.2% during the first quarter. Jane Street Group LLC now owns 45,494 shares of the company’s stock worth $730,000 after buying an additional 25,645 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Modiv Industrial by 50.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 75,000 shares of the company’s stock worth $1,098,000 after buying an additional 25,000 shares during the period. Hedge funds and other institutional investors own 8.21% of the company’s stock.

Modiv Industrial Company Profile

(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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