Presidio Property Trust, Inc. (NASDAQ:SQFTP) Sees Significant Decrease in Short Interest

Presidio Property Trust, Inc. (NASDAQ:SQFTP) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 418 shares, a decrease of 73.1% from the June 15th total of 1,552 shares. Based on an average trading volume of 2,673 shares, the days-to-cover ratio is presently 0.2 days.

Presidio Property Trust Stock Down 2.1%

Shares of SQFTP traded down $0.12 during mid-day trading on Monday, reaching $5.48. The company had a trading volume of 5,295 shares, compared to its average volume of 9,155. Presidio Property Trust has a 52-week low of $3.65 and a 52-week high of $15.99. The stock has a 50 day moving average of $5.84 and a two-hundred day moving average of $7.54.

Presidio Property Trust Company Profile

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.