Presidio Property Trust, Inc. (NASDAQ:SQFTP) Sees Significant Decrease in Short Interest

Presidio Property Trust, Inc. (NASDAQ:SQFTPGet Free Report) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 610 shares, a drop of 88.8% from the April 15th total of 5,430 shares. Based on an average daily trading volume, of 3,723 shares, the short-interest ratio is currently 0.2 days.

Presidio Property Trust Stock Up 2.3%

Presidio Property Trust stock traded up $0.15 during trading hours on Thursday, hitting $6.60. 4,339 shares of the company traded hands, compared to its average volume of 11,607. The firm’s 50-day simple moving average is $6.63 and its two-hundred day simple moving average is $10.50. Presidio Property Trust has a 1-year low of $3.65 and a 1-year high of $15.99.

About Presidio Property Trust

(Get Free Report)

Presidio is an internally managed, diversified REIT with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties. Presidio's model homes are leased to homebuilders located in Arizona, Illinois, Texas, Wisconsin, and Florida. Our office, industrial and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California. While geographical clustering of real estate enables us to reduce our operating costs through economies of scale by servicing several properties with less staff, it makes us susceptible to changing market conditions in these discrete geographic areas, including those that have developed as a result of COVID-19.

Featured Stories

Receive News & Ratings for Presidio Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Presidio Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.