Tritax Big Box REIT plc (OTCMKTS:TTBXF – Get Free Report) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 14,939 shares, an increase of 71.6% from the June 30th total of 8,708 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,181 shares, the short-interest ratio is presently 6.8 days.
Tritax Big Box REIT Stock Performance
Shares of Tritax Big Box REIT stock opened at $2.16 on Friday. Tritax Big Box REIT has a 52-week low of $1.70 and a 52-week high of $2.43. The company’s 50-day simple moving average is $2.11 and its 200-day simple moving average is $2.08.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on TTBXF shares. Zacks Research raised Tritax Big Box REIT from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 1st. BNP Paribas Exane started coverage on shares of Tritax Big Box REIT in a research note on Wednesday, July 1st. They issued an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, Tritax Big Box REIT has a consensus rating of “Strong Buy”.
Tritax Big Box REIT Company Profile
Tritax Big Box REIT (OTCMKTS: TTBXF) is a real estate investment trust specializing in large-scale logistics and distribution properties across the United Kingdom. The company focuses on acquiring, managing and leasing modern “big box” warehouses that serve as critical nodes in e-commerce, retail and third-party logistics networks. Its assets are designed to offer high quality, sustainable space with efficient floor plans, abundant parking and strong transport links.
The REIT’s portfolio is externally managed by Tritax Management LLP, a specialist real estate investment manager with experience in the logistics sector.
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