Presidio Property Trust, Inc. (NASDAQ:SQFTW) Sees Large Growth in Short Interest

Presidio Property Trust, Inc. (NASDAQ:SQFTW) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 4,584 shares, an increase of 397.2% from the July 15th total of 922 shares. Based on an average daily trading volume, of 6,854 shares, the short-interest ratio is presently 0.7 days.

Presidio Property Trust Trading Up 5.7%

SQFTW traded up $0.00 during trading on Friday, hitting $0.01. The company had a trading volume of 130 shares, compared to its average volume of 16,278. Presidio Property Trust has a 1-year low of $0.01 and a 1-year high of $0.06. The business has a 50-day moving average of $0.02 and a 200-day moving average of $0.02.

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.