Presidio Property Trust, Inc. (NASDAQ:SQFTP) Short Interest Update

by · The Markets Daily

Presidio Property Trust, Inc. (NASDAQ:SQFTP – Get Free Report) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 418 shares, a decline of 73.1% from the June 15th total of 1,552 shares. Based on an average daily volume of 2,673 shares, the short-interest ratio is presently 0.2 days.

Presidio Property Trust Stock Up 1.8%

SQFTP traded up $0.10 on Friday, reaching $5.60. 925 shares of the company’s stock were exchanged, compared to its average volume of 9,186. The company’s 50 day moving average is $5.86 and its 200-day moving average is $7.61. Presidio Property Trust has a twelve month low of $3.65 and a twelve month high of $15.99.

Presidio Property Trust Company Profile

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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.

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