Presidio Property Trust, Inc. (NASDAQ:SQFTP) Short Interest Up 128.5% in July

Presidio Property Trust, Inc. (NASDAQ:SQFTP) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 955 shares, a growth of 128.5% from the June 30th total of 418 shares. Based on an average daily volume of 2,838 shares, the short-interest ratio is currently 0.3 days.

Presidio Property Trust Price Performance

Presidio Property Trust stock traded down $0.05 on Thursday, reaching $5.78. The company’s stock had a trading volume of 616 shares, compared to its average volume of 8,626. The business’s fifty day moving average price is $5.66 and its 200 day moving average price is $6.78. Presidio Property Trust has a twelve month low of $3.65 and a twelve month high of $15.99.

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.