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

Modiv Industrial, Inc. (NYSE:MDV - Get Free Report) was the target of a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 14,100 shares, a drop of 49.3% from the January 31st total of 27,800 shares. Based on an average trading volume of 34,600 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Modiv Industrial Price Performance

Modiv Industrial stock traded up $1.07 during midday trading on Wednesday, hitting $15.83. The company's stock had a trading volume of 47,822 shares, compared to its average volume of 29,937. The company has a market cap of $152.70 million, a price-to-earnings ratio of -143.91 and a beta of -0.21. Modiv Industrial has a 1-year low of $13.69 and a 1-year high of $18.11. The company has a 50-day moving average price of $14.89 and a two-hundred day moving average price of $15.81.

Institutional Investors Weigh In On Modiv Industrial

Large investors have recently added to or reduced their stakes in the stock. Bailard Inc. lifted its position in shares of Modiv Industrial by 5.7% during the 4th quarter. Bailard Inc. now owns 13,302 shares of the company's stock valued at $198,000 after acquiring an additional 715 shares during the period. State Street Corp grew its stake in Modiv Industrial by 16.3% during the third quarter. State Street Corp now owns 15,135 shares of the company's stock worth $256,000 after buying an additional 2,121 shares in the last quarter. Daiwa Securities Group Inc. acquired a new stake in Modiv Industrial during the third quarter worth about $45,000. Northern Trust Corp increased its holdings in Modiv Industrial by 19.6% in the 4th quarter. Northern Trust Corp now owns 16,687 shares of the company's stock valued at $248,000 after buying an additional 2,732 shares during the period. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of Modiv Industrial in the 4th quarter valued at approximately $50,000. Institutional investors and hedge funds own 8.21% of the company's stock.

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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.