Short Interest in Presidio Property Trust, Inc. (NASDAQ:SQFT) Decreases By 66.1%

Presidio Property Trust, Inc. (NASDAQ:SQFT) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 68,286 shares, a decrease of 66.1% from the April 15th total of 201,287 shares. Based on an average daily volume of 34,045 shares, the short-interest ratio is presently 2.0 days. Approximately 6.2% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Presidio Property Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Hedge Funds Weigh In On Presidio Property Trust

An institutional investor recently bought a new position in Presidio Property Trust stock. Ketron Financial bought a new stake in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,725 shares of the company’s stock, valued at approximately $36,000. Ketron Financial owned approximately 0.74% of Presidio Property Trust at the end of the most recent reporting period. 38.92% of the stock is owned by hedge funds and other institutional investors.

Presidio Property Trust Stock Up 3.1%

Shares of SQFT traded up $0.09 during mid-day trading on Thursday, reaching $3.02. 17,075 shares of the stock traded hands, compared to its average volume of 564,460. The firm has a market cap of $4.35 million, a price-to-earnings ratio of -0.33 and a beta of 1.90. The stock has a fifty day simple moving average of $2.96 and a 200 day simple moving average of $3.50. Presidio Property Trust has a 12-month low of $2.10 and a 12-month high of $23.00. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 3.74.

Presidio Property Trust (NASDAQ:SQFT) last announced its earnings results on Saturday, March 28th. The company reported ($3.70) earnings per share for the quarter. The firm had revenue of $4.11 million during the quarter. Presidio Property Trust had a negative net margin of 49.22% and a negative return on equity of 27.61%.

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.