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

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

Presidio Property Trust Trading Up 3.1%

Shares of NASDAQ SQFT traded up $0.09 on Thursday, reaching $3.02. 17,075 shares of the company traded hands, compared to its average volume of 564,460. Presidio Property Trust has a fifty-two week low of $2.10 and a fifty-two week high of $23.00. The company has a 50 day moving average of $2.96 and a 200 day moving average of $3.50. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 3.74. The stock has a market capitalization of $4.35 million, a PE ratio of -0.33 and a beta of 1.90.

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

Wall Street Analyst Weigh In

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

Institutional Trading of Presidio Property Trust

An institutional investor recently bought a new position in Presidio Property Trust stock. Ketron Financial purchased a new stake in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,725 shares of the company’s stock, valued at approximately $36,000. Ketron Financial owned approximately 0.74% of Presidio Property Trust as of its most recent SEC filing. 38.92% of the stock is currently owned by institutional investors and hedge funds.

About Presidio Property Trust

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.