Modiv Industrial, Inc. (NYSE:MDV) Short Interest Update

Modiv Industrial, Inc. (NYSE:MDV - Get Free Report) was the recipient of a large growth in short interest during the month of May. As of May 31st, there was short interest totalling 44,800 shares, a growth of 115.4% from the May 15th total of 20,800 shares. Based on an average daily trading volume, of 47,200 shares, the short-interest ratio is currently 0.9 days. Approximately 0.5% of the company's shares are sold short.

Modiv Industrial Price Performance

Shares of NYSE:MDV traded up $0.20 during mid-day trading on Tuesday, hitting $14.52. The company had a trading volume of 35,784 shares, compared to its average volume of 36,498. Modiv Industrial has a one year low of $13.62 and a one year high of $18.11. The firm has a fifty day moving average price of $14.88 and a 200 day moving average price of $15.12. The company has a market capitalization of $146.93 million, a PE ratio of -132.00 and a beta of -0.31.

Analysts Set New Price Targets

Separately, B. Riley assumed coverage on Modiv Industrial in a research note on Tuesday, April 22nd. They set a "buy" rating and a $18.00 target price for the company.

Insider Buying and Selling at Modiv Industrial

In other news, CEO Aaron Scott Halfacre bought 3,121 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were acquired at an average price of $14.10 per share, for a total transaction of $44,006.10. Following the completion of the acquisition, the chief executive officer now directly owns 120,000 shares in the company, valued at approximately $1,692,000. This represents a 2.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders have purchased 6,835 shares of company stock worth $97,737. Insiders own 2.80% of the company's stock.

Hedge Funds Weigh In On Modiv Industrial

Institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp grew its stake in shares of Modiv Industrial by 117,253.5% in the 1st quarter. Jones Financial Companies Lllp now owns 300,425 shares of the company's stock valued at $4,822,000 after buying an additional 300,169 shares during the period. Penserra Capital Management LLC boosted its holdings in Modiv Industrial by 20.8% in the first quarter. Penserra Capital Management LLC now owns 68,128 shares of the company's stock worth $1,093,000 after acquiring an additional 11,753 shares in the last quarter. Jane Street Group LLC grew its stake in Modiv Industrial by 129.2% in the first quarter. Jane Street Group LLC now owns 45,494 shares of the company's stock valued at $730,000 after acquiring an additional 25,645 shares during the period. Millennium Management LLC increased its holdings in shares of Modiv Industrial by 154.1% during the fourth quarter. Millennium Management LLC now owns 38,344 shares of the company's stock valued at $571,000 after acquiring an additional 23,251 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Modiv Industrial by 23.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 35,454 shares of the company's stock worth $528,000 after purchasing an additional 6,702 shares during the period. Institutional investors and hedge funds own 8.21% of the company's stock.

Modiv Industrial Company Profile

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.