Short Interest in Modiv Industrial, Inc. (NYSE:MDV) Drops By 49.3%

Modiv Industrial, Inc. (NYSE:MDV) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 14,100 shares, a decline of 49.3% from the January 31st total of 27,800 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 34,600 shares, the short-interest ratio is currently 0.4 days.

Modiv Industrial Stock Performance

NYSE MDV traded up $0.39 during trading hours on Friday, hitting $15.26. 35,536 shares of the company’s stock were exchanged, compared to its average volume of 32,178. The business’s 50 day moving average is $14.90 and its 200-day moving average is $15.79. Modiv Industrial has a 12-month low of $13.69 and a 12-month high of $18.11. The firm has a market capitalization of $147.20 million, a P/E ratio of -138.73 and a beta of -0.21.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Millennium Management LLC grew its holdings in Modiv Industrial by 154.1% in the fourth quarter. Millennium Management LLC now owns 38,344 shares of the company’s stock valued at $571,000 after purchasing an additional 23,251 shares during the period. Marshall Wace LLP acquired a new position in shares of Modiv Industrial in the 4th quarter valued at $339,000. 683 Capital Management LLC purchased a new stake in shares of Modiv Industrial during the 4th quarter valued at $321,000. Jane Street Group LLC purchased a new stake in shares of Modiv Industrial during the 4th quarter valued at $295,000. Finally, Geode Capital Management LLC increased its holdings in shares of Modiv Industrial by 25.3% during the 3rd quarter. Geode Capital Management LLC now owns 91,777 shares of the company’s stock worth $1,543,000 after buying an additional 18,549 shares during the last quarter. Institutional investors and hedge funds own 8.21% of the company’s stock.

About Modiv Industrial

Modiv Industrial, Inc is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.