Short Interest in Presidio Property Trust, Inc. (NASDAQ:SQFTP) Declines By 88.8%

Presidio Property Trust, Inc. (NASDAQ:SQFTP) was the target of a large decrease in short interest in April. As of April 30th, there was short interest totaling 610 shares, a decrease of 88.8% from the April 15th total of 5,430 shares. Based on an average daily volume of 3,723 shares, the short-interest ratio is presently 0.2 days.

Presidio Property Trust Price Performance

Shares of NASDAQ SQFTP traded up $0.15 during midday trading on Thursday, reaching $6.60. 4,339 shares of the stock were exchanged, compared to its average volume of 11,607. The firm has a 50-day simple moving average of $6.65 and a two-hundred day simple moving average of $10.44. 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.