Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) Short Interest Up 1,078.4% in January

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRGet Free Report) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 218,000 shares, a growth of 1,078.4% from the January 15th total of 18,500 shares. Based on an average daily volume of 5,150,000 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Wheeler Real Estate Investment Trust in a research note on Thursday, November 30th. They set a “sell” rating on the stock.

View Our Latest Research Report on Wheeler Real Estate Investment Trust

Wheeler Real Estate Investment Trust Stock Performance

Shares of NASDAQ:WHLR opened at $0.18 on Tuesday. Wheeler Real Estate Investment Trust has a 12 month low of $0.16 and a 12 month high of $17.40. The company’s fifty day moving average price is $0.26 and its 200 day moving average price is $1.76.

Insider Activity

In related news, Director Joseph Stilwell purchased 319,238 shares of the business’s stock in a transaction that occurred on Wednesday, December 20th. The shares were purchased at an average cost of $0.28 per share, for a total transaction of $89,386.64. Following the purchase, the director now directly owns 15,041,309 shares of the company’s stock, valued at $4,211,566.52. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 40.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC grew its position in Wheeler Real Estate Investment Trust by 11.6% during the 2nd quarter. Renaissance Technologies LLC now owns 120,646 shares of the real estate investment trust’s stock worth $306,000 after purchasing an additional 12,513 shares during the last quarter. Chilton Capital Management LLC grew its position in Wheeler Real Estate Investment Trust by 60.0% during the 4th quarter. Chilton Capital Management LLC now owns 40,000 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 15,000 shares during the last quarter. Jane Street Group LLC purchased a new position in Wheeler Real Estate Investment Trust during the 3rd quarter worth $31,000. Steamboat Capital Partners LLC purchased a new position in Wheeler Real Estate Investment Trust during the 4th quarter worth $70,000. Finally, Stilwell Value LLC grew its position in Wheeler Real Estate Investment Trust by 17,568.1% during the 4th quarter. Stilwell Value LLC now owns 20,871,187 shares of the real estate investment trust’s stock worth $6,368,000 after purchasing an additional 20,753,058 shares during the last quarter.

About Wheeler Real Estate Investment Trust

(Get Free Report)

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.

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