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 seen significant volatility, with a 40% increase on Wednesday but a nearly 50% decrease over the last five days. The stock has attracted retail investors and is among the top trending tickers on Yahoo! Finance. The company has a small float of 749 thousand shares and 41.42% of available shares are being sold short. Trading volume has been heavy, with over 20 million shares traded in the session, far exceeding the 100-day average of 549 thousand shares.
October 11, 2023 | 4:45 pm
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WHLR shares have seen significant volatility, attracting retail investors and experiencing heavy trading volume. The stock has a small float and a large percentage of shares are being sold short.
The volatility in WHLR shares, combined with the high trading volume and large percentage of shares being sold short, suggests that the stock is currently under significant market pressure. This could lead to further price fluctuations in the short term.
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