What&#39;s Going On With Wheeler Real Estate Investment Trust Stock?

Wheeler Real Estate Investment Trust, Inc. shares are volatile on Wednesday. Though the stock is up over 40% on Wednesday, it remains nearly 50% lower over the last five days.

What To Know:

Wheeler Real Estate Investment Trust shares have attracted the attention of retail investors, and the stock is currently listed among the top trending tickers on Yahoo! Finance. The stock also has a small float and outsized short interest which may be contributing to the stock's large move.

According to data from Benzinga Pro, Wheeler Real Estate Investment Trust has a float of only 749 thousand shares and 41.42% of available shares are currently being sold short.

Shares of WHLR are moving on heavy trading volume Wednesday. According to data from Benzinga Pro, more than 20 million shares have been traded in the session, far exceeding the stock's 100-day average of just over 549 thousand shares.

Related News: What's Going On With Tupperware Brands Stock Lately?

WHLR Price Action: According to Benzinga Pro, Wheeler Real Estate Investment Trust shares are up 30% at $1.15 at the time of publication.

Image: Alexander Lesnitsky from Pixabay

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Why Wheeler Real Estate Investment Trust Stock Is Soaring

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Wheeler Real Estate Investment Trust Regains Compliance With Nasdaq Listing Rule

MT Newswires

Wheeler Real Estate Investment Trust said late Friday it received notice from Nasdaq that the company has regained compliance with the minimum bid price requirement for continued listing.

As a result, the minimum bid price deficiency matter disclosed by the company in June is now closed.

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Wheeler Real Estate Investment Trust Board Approves 1-for-10 Reverse Stock Split

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