Short Interest in Presidio Property Trust, Inc. (NASDAQ:SQFTW) Increases By 397.2%

by · The Cerbat Gem

Presidio Property Trust, Inc. (NASDAQ:SQFTW – Get Free Report) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 4,584 shares, a growth of 397.2% from the July 15th total of 922 shares. Based on an average daily volume of 6,854 shares, the days-to-cover ratio is currently 0.7 days.

Presidio Property Trust Stock Performance

NASDAQ SQFTW traded up $0.00 during trading on Wednesday, reaching $0.01. The company’s stock had a trading volume of 1,967 shares, compared to its average volume of 16,444. The firm has a 50 day moving average price of $0.02 and a 200 day moving average price of $0.02. Presidio Property Trust has a 12 month low of $0.01 and a 12 month high of $0.06.

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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