DIRECTOR OF RESEARCH: Thomas Ronk PH (800) 715-9999 EMAIL: tomronk@gmail.

com DATE: 1-9-2017

KEY DATA POINTS INSIDE
Daily Short Volume

W H L R S H O RT S E L LE R S

Naked Short Volume

Market Maker Friction

RECENT WHLR NEWS

GlobeNewswire13 days ago
Wheeler Real Estate Investment
Trust, Inc. Completes the
Acquisition of Rivergate Shopping
Center, Located in Macon, Georgia
Company adds national grocer,
Publix, to its portfolio.. The closing
finalizes the acquisition of all
targets previously disclosed in the
Company s pipeline, is the largest
single asset purchased in
Company ...
GlobeNewswire19 days ago
Wheeler Real Estate Investment
Trust, Inc. Completes the
Acquisition of New Market
Crossing Located in Mt. Airy,
North Carolina
Center is anchored by regional
grocer, Lowes Food Store, a first
for the Wheeler portfolio.. The
acquisition is part of the previously
disclosed pipeline and is the 22 nd
acquisition year-to-date for the ...
GlobeNewswire20 days ago
Wheeler Real Estate Investment
Trust, Inc. Announces Monthly
Cash Dividend
VIRGINIA BEACH, Va., Dec. 20,
2016-- Wheeler Real Estate
Investment Trust, Inc., a fully-

BUYINS.NET offers a
proprietary research and
trading
service
uncovering illegal naked
short selling in stocks on
the NYSE, AMEX,
NASDAQ, OTCBB and
PINKSHEETS. For more
information please visit
www.buyins.net

Starting in late 2012 short sellers have aggressively shorted WHLR. Shorts have continued
this activity which warrants further investigation. Buyins.net will report the results of its
surveillance on a monthly basis.

OV E RV I E W O F W H L R S H O R T S A L E DA T A
After careful analysis of
WHLR short sale, naked
short sale and market
maker friction factor
data it is clear that
WHLR has had issues
with short sellers who
have been especially
aggressive since early
2008. Short sellers have
been building a sizable

position in shares of
WHLR as a percentage
of total trading volume
and market makers
have made a bearish
market lately. New
evidence of daily short
sellers shorting shares
of WHLR has now come
to light as the SEC has

finally given Buyins.net

access to DAILY short
sale data which is
updated every night.
Protecting WHLR from
abusive shorting is a
high priority.

DAILY FAILURE TO DELIVER DATA (NAKED SHORTS) IN WHLR

Failures to Deliver in WHLR have occurred as short sellers have been lax at complying
with Regulation SHO since late 2012. Buyins.net will continue to monitor and report short
sellers for non-compliance with Regulation SHO borrow requirements.
NEW DAILY SHORT SALE TRADING VOLUME STARTING 11-19-12

Shorts have been shorting WHLR on a daily basis. An average of 32.09% of daily trading
volume is short selling. This is higher than what is considered normal.

DAILY SHORT VOLUME CHART BELOW SHOWS AGGREGATE EXEMPT & NON-EXEMPT SHORT SALES

Date
1/6/2017
1/5/2017
1/4/2017
1/3/2017
12/30/2016
12/29/2016
12/28/2016
12/27/2016
12/23/2016
12/22/2016
12/21/2016
12/20/2016
12/19/2016
12/16/2016
12/15/2016
12/14/2016
12/13/2016
12/12/2016
12/9/2016
12/8/2016
12/7/2016
12/6/2016
12/5/2016
12/2/2016
12/1/2016
11/30/2016
11/29/2016
11/28/2016
11/25/2016
11/23/2016
11/22/2016
11/21/2016
11/18/2016
11/17/2016
11/16/2016
Total

ShortVolume TotalVolume
84,374
179,305
118,522
265,695
40,435
137,306
104,057
292,077
83,854
234,626
40,930
107,543
26,084
131,255
71,343
163,468
87,143
195,592
63,179
112,445
33,529
133,174
75,688
244,521
64,878
182,407
240,502
1,290,035
58,287
125,140
16,319
57,031
36,010
80,311
60,544
147,125
29,452
86,189
47,769
109,275
60,993
141,628
23,915
69,254
67,355
147,354
58,010
122,977
153,674
409,375
81,661
191,382
35,176
94,010
27,228
67,660
21,046
59,303
38,592
79,666
34,612
83,045
17,076
60,280
12,368
18,251
27,485
83,506
25,294
65,024
20,442,164 63,694,308

Percent
47.06%
44.61%
29.45%
35.63%
35.74%
38.06%
19.87%
43.64%
44.55%
56.19%
25.18%
30.95%
35.57%
18.64%
46.58%
28.61%
44.84%
41.15%
34.17%
43.71%
43.07%
34.53%
45.71%
47.17%
37.54%
42.67%
37.42%
40.24%
35.49%
48.44%
41.68%
28.33%
67.77%
32.91%
38.90%
32.09%

SqueezeTrigger
$1.70
$1.69
$1.70
$1.70
$1.69
$1.66
$1.66
$1.68
$1.66
$1.64
$1.65
$1.65
$1.61
$1.60
$1.57
$1.60
$1.59
$1.62
$1.62
$1.59
$1.59
$1.59
$1.60
$1.62
$1.63
$1.64
$1.66
$1.68
$1.68
$1.67
$1.66
$1.67
$1.67
$1.68
$1.68
$2.28

*Total includes data back to 11-19-12. Chart truncated for viewing.

$Value
$143,520
$200,776
$68,659
$177,209
$141,797
$67,944
$43,404
$120,213
$144,483
$103,424
$55,457
$124,885
$104,518
$384,563
$91,336
$26,078
$57,328
$97,960
$47,594
$76,192
$97,284
$37,929
$107,701
$94,150
$250,489
$134,119
$58,322
$45,868
$35,463
$64,449
$57,491
$28,467
$20,655
$46,054
$42,422
$46,669,075

MARKET MAKER SURVEILLANCE SYSTEM (FRICTION FACTOR)

The above data is used to calculate if a fair market is being made in the shares
of WHLR. 37% of recent trading days are positive or bullishly biased and
63% of trading days are negative or bearishly biased. There is a bearish
market being made in WHLR in the past 38 trading days.
Friction Factor determines if there is normal or abnormal behavior in the price
action of the stock when compared to the buying vs. selling trading statistics. It
calculates number of net shares of buying or selling to move price +/- one cent.
Here is how to understand Friction Factor:
1. If Friction Factor is positive, more buying than selling caused WHLRs
price to rise
2. If Friction Factor is negative, more selling than buying caused WHLRs
price to fall
3. If Friction Factor is 0, there was no discernable activity either way
4. If Friction Factor is abnormal, it means that there is either a bearish bias or
a bullish bias to how market makers are making market in your stock.

WWW.BUYINS.NET

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NEWPORT BEACH, CA
Phone: 800-715-9999
Fax: 815-328-0698
Email: tom@buyins.net

Trading Solutions to
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REGULATORY & COMPLIANCE NEWS

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WHY BUYINS.NET IS BEST CHOICE FOR WHLR MARKET INTEGRITY

The data we provide is extremely useful for WHLR for the following reasons:
1. Stop naked short selling in shares of WHLR
2. Break the market maker hold on Level II box causing so much price friction
3. Our SqueezeTrigger Reports that cross newswires and are sent to our 750,000
users help break the rest of the shorts
4. Discourage new short sellers from shorting your stock
5. Stop the negative perception that dropping stock price places on normal day
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