Short Interest in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRD) Rises By 40.7%

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRD) saw a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 31,800 shares, a growth of 40.7% from the March 15th total of 22,600 shares. Based on an average daily volume of 10,700 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Investors Weigh In On Wheeler Real Estate Investment Trust

A hedge fund recently bought a new stake in Wheeler Real Estate Investment Trust stock. Cable Car Capital LLC purchased a new stake in Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLRD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 138,745 shares of the company’s stock, valued at approximately $1,808,000. Wheeler Real Estate Investment Trust comprises approximately 2.0% of Cable Car Capital LLC’s portfolio, making the stock its 17th largest holding.

Wheeler Real Estate Investment Trust Price Performance

Shares of NASDAQ:WHLRD opened at $15.60 on Friday. Wheeler Real Estate Investment Trust has a 1 year low of $9.50 and a 1 year high of $16.20. The business’s 50 day simple moving average is $14.64 and its 200 day simple moving average is $13.78.

About Wheeler Real Estate Investment Trust

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.