Presidio Property Trust, Inc. (NASDAQ:SQFT) Short Interest Up 36.3% in October

Presidio Property Trust, Inc. (NASDAQ:SQFT) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 77,000 shares, an increase of 36.3% from the September 30th total of 56,500 shares. Approximately 6.7% of the shares of the stock are short sold. Based on an average daily volume of 324,200 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 324,200 shares, the days-to-cover ratio is presently 0.2 days. Approximately 6.7% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SQFT. Wall Street Zen cut Presidio Property Trust to a “strong sell” rating in a report on Saturday, October 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Presidio Property Trust in a report on Tuesday, October 14th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Presidio Property Trust Stock Performance

Presidio Property Trust stock opened at $6.06 on Tuesday. The firm has a market capitalization of $8.72 million, a P/E ratio of -0.52 and a beta of 1.32. The stock has a fifty day moving average price of $5.75 and a 200 day moving average price of $5.81. Presidio Property Trust has a 52 week low of $4.19 and a 52 week high of $23.00. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.22.

Institutional Investors Weigh In On Presidio Property Trust

A hedge fund recently raised its stake in Presidio Property Trust stock. IFP Advisors Inc lifted its stake in Presidio Property Trust, Inc. (NASDAQ:SQFT) by 10.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,843 shares of the company’s stock after buying an additional 2,980 shares during the period. IFP Advisors Inc owned approximately 2.74% of Presidio Property Trust worth $172,000 as of its most recent SEC filing. Institutional investors own 38.92% of the company’s stock.

About Presidio Property Trust

Presidio Property Trust, Inc (we, our, us or the Company) is an internally-managed real estate investment trust (REIT), with holdings in office, industrial, retail and model home properties. We were incorporated in the State of California on September 28, 1999, and in August 2010, we reincorporated as a Maryland corporation.