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

Wheeler Real Estate Investment Trust, Inc. WHLR 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.

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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