Short Interest to Follow: Could Wheeler Real Estate Investment T (NASDAQ:WHLR) Change Direction After More Shorts?

November 21, 2016 - By Richard Conner   ·   0 Comments

Short Interest to Follow: Could Wheeler Real Estate Investment T (NASDAQ:WHLR) Change Direction After More Shorts?

The stock of Wheeler Real Estate Investment T (NASDAQ:WHLR) registered an increase of 48.3% in short interest. WHLR’s total short interest was 161,200 shares in November as published by FINRA. Its up 48.3% from 108,700 shares, reported previously. With 180,700 shares average volume, it will take short sellers 1 days to cover their WHLR’s short positions. The short interest to Wheeler Real Estate Investment T’s float is 0.3%. About 24,891 shares traded hands. Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) has risen 23.70% since April 19, 2016 and is uptrending. It has outperformed by 19.84% the S&P500.

Wheeler Real Estate Investment Trust, Inc. is a self-managed commercial real estate investment company. The company has a market cap of $113.50 million. The Firm was formed for acquiring, financing, developing, leasing, owning and managing strip centers, neighborhood centers, grocery-anchored centers, community centers and free-standing retail properties. It currently has negative earnings. The Firm owns a portfolio of approximately 50 properties, including 40 retail shopping centers and three freestanding retail properties, totaling over 3,151,360 gross leasable square feet.

Insitutional Activity: The institutional sentiment decreased to 1.35 in 2016 Q2. Its down 0.03, from 1.38 in 2016Q1. The ratio worsened, as 4 funds sold all Wheeler Real Estate Investment Trust Inc shares owned while 9 reduced positions. 7 funds bought stakes while 11 increased positions. They now own 28.39 million shares or 0.80% more from 28.16 million shares in 2016Q1.
Ejf Cap Lc accumulated 0.55% or 3.80M shares. The Illinois-based Guggenheim Capital Llc has invested 0% in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR). Blackrock Fund Advisors holds 136,957 shares or 0% of its portfolio. Eidelman Virant holds 0.02% or 202,175 shares in its portfolio. The Connecticut-based Ns Advsr Limited Liability has invested 7.54% in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR). Blackrock Lc holds 0% or 8,702 shares in its portfolio. Orinda Asset Mgmt accumulated 2.32 million shares or 3.21% of the stock. Deutsche Bankshares Ag holds 0% or 190,278 shares in its portfolio. Renaissance Techs Ltd Liability Corporation holds 0% of its portfolio in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) for 273,600 shares. Forward Mgmt Limited Co holds 0.07% of its portfolio in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) for 580,000 shares. Boston Prtn holds 78,000 shares or 0% of its portfolio. Morgan Stanley holds 0% of its portfolio in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) for 31,917 shares. Ladenburg Thalmann Financial Service Incorporated last reported 0% of its portfolio in the stock. Goldman Sachs Group Incorporated last reported 41,589 shares in the company. Wells Fargo And Mn has invested 0% of its portfolio in Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR).

Insider Transactions: Since September 19, 2016, the stock had 2 insider purchases, and 0 sales for $61,403 net activity. On Friday, September 30 Kelly David bought $30,076 worth of the stock or 17,285 shares. Graham Wilkes Jackson bought 18,108 shares worth $31,327.

Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) Ratings Coverage

Out of 2 analysts covering Wheeler Real Estate Investment Trust (NASDAQ:WHLR), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Wheeler Real Estate Investment Trust has been the topic of 3 analyst reports since August 12, 2015 according to StockzIntelligence Inc. As per Wednesday, August 12, the company rating was maintained by Maxim Group. The firm has “Mkt Perform” rating by JMP Securities given on Monday, August 22. Maxim Group maintained Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) rating on Thursday, March 10. Maxim Group has “Buy” rating and $2 price target.

WHLR Company Profile

Wheeler Real Estate Investment Trust, Inc., incorporated on June 23, 2011, is a self-managed commercial real estate investment company. The Firm was formed for acquiring, financing, developing, leasing, owning and managing strip centers, neighborhood centers, grocery-anchored centers, community centers and free-standing retail properties. The Firm owns a portfolio of approximately 50 properties, including over 40 retail shopping centers and three freestanding retail properties, totaling over 3,151,360 gross leasable square feet.

More notable recent Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) news were published by: Seekingalpha.com which released: “Is Wheeler Real Estate Investment Trust Inc., Growing Too Fast?” on November 10, 2016, also Globenewswire.com with their article: “Wheeler Real Estate Investment Trust, Inc. Completes the Acquisition of Four …” published on November 16, 2016, Businesswire.com published: “Wheeler Real Estate Investment Trust, Inc. Acquires 106557 Square Foot …” on September 10, 2015. More interesting news about Wheeler Real Estate Investment Trust Inc (NASDAQ:WHLR) were released by: Businesswire.com and their article: “Wheeler Real Estate Investment Trust, Inc. Appoints Stewart J. Brown to Its …” published on August 06, 2015 as well as Globenewswire.com‘s news article titled: “Wheeler Real Estate Investment Trust, Inc. Acquires 113652 Square Foot …” with publication date: October 01, 2015.

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By Richard Conner

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