What's Going On With Wheeler Real Estate Investment Trust Stock?
Portfolio Pulse from Erica Kollmann
Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares have fallen more than 57% in the last five days, hitting a new 52-week low of $1.14. The stock has significant short interest with 41.42% of available shares being sold short. Trading volume has also been high, with more than 684 thousand shares traded in the session, exceeding the 100-day average of slightly more than 499 thousand shares.
October 06, 2023 | 3:58 pm
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Wheeler Real Estate Investment Trust's stock has seen a significant drop in price and high trading volume, indicating a bearish trend. The high short interest suggests that many investors expect the price to continue falling.
The significant drop in Wheeler Real Estate Investment Trust's stock price, combined with high trading volume and significant short interest, suggests a bearish trend. Investors are selling the stock, expecting the price to continue falling.
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