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What's Going On With Wheeler Real Estate Investment Trust Stock?

Benzinga ·  Oct 6, 2023 11:58

Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR) shares are volatile on Friday, and the stock has fallen more than 57% in the last five days.

What To Know:

Wheeler Real Estate Investment Trust shares hit a new 52-week low of $1.14 in early trading on Friday.

According to data from Benzinga Pro, Wheeler Real Estate shares have significant short interest with 41.42% of available shares being sold short.

Shares of WHLR are trading on heavy volume. According to data from Benzinga Pro, more than 684 thousand shares have been traded in the session, already exceeding the stock's 100-day average of slightly more than 499 thousand shares.

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WHLR Price Action: According to Benzinga Pro, Wheeler Real Estate Investment Trust shares are down 10% at $1.40 at the time of publication.

Image: Alexander Lesnitsky from Pixabay

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