Presidio Property Trust, Inc. (NASDAQ:SQFT) Short Interest Up 264.0% in December

Presidio Property Trust, Inc. (NASDAQ:SQFT) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 117,735 shares, an increase of 264.0% from the December 15th total of 32,347 shares. Based on an average daily trading volume, of 805,844 shares, the days-to-cover ratio is currently 0.1 days. Approximately 10.8% of the shares of the stock are short sold. Approximately 10.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 805,844 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Presidio Property Trust in a research report on Monday, December 22nd. Wall Street Zen lowered shares of Presidio Property Trust to a “strong sell” rating in a research note on Saturday, October 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Presidio Property Trust presently has an average rating of “Sell”.

Insider Activity

In related news, CEO Jack Kendrick Heilbron purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The shares were purchased at an average price of $3.29 per share, with a total value of $32,900.00. Following the purchase, the chief executive officer owned 15,061 shares of the company’s stock, valued at $49,550.69. The trade was a 197.59% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 24.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Presidio Property Trust

An institutional investor recently raised its position in Presidio Property Trust stock. IFP Advisors Inc increased its stake in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) by 10.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,843 shares of the company’s stock after buying an additional 2,980 shares during the quarter. IFP Advisors Inc owned about 2.74% of Presidio Property Trust worth $172,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 38.92% of the company’s stock.

Presidio Property Trust Trading Up 0.5%

Shares of SQFT opened at $3.86 on Wednesday. Presidio Property Trust has a 52-week low of $2.60 and a 52-week high of $23.00. The stock has a market cap of $5.56 million, a PE ratio of -0.49 and a beta of 1.56. The firm’s fifty day moving average is $4.05 and its two-hundred day moving average is $5.24. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.19.

Presidio Property Trust (NASDAQ:SQFT) last posted its quarterly earnings results on Wednesday, November 12th. The company reported ($1.53) earnings per share for the quarter. Presidio Property Trust had a negative return on equity of 20.53% and a negative net margin of 38.70%.The business had revenue of $4.20 million during the quarter.

Presidio Property Trust Company Profile

Presidio Property Trust, Inc is a real estate investment trust (REIT) that specializes in acquiring, owning and managing single-tenant commercial properties across the United States. The company employs a net-lease strategy, entering into long-term leases with corporate tenants to generate stable rental income and minimize landlord responsibilities related to property operations.

The trust’s portfolio includes a diverse mix of industrial, office and research and development facilities.