Presidio Property Trust, Inc. (NASDAQ:SQFTP) Sees Significant Growth in Short Interest

Presidio Property Trust, Inc. (NASDAQ:SQFTP) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 3,745 shares, an increase of 113.8% from the July 30th total of 1,752 shares. Based on an average trading volume of 6,707 shares, the days-to-cover ratio is presently 0.6 days.

Presidio Property Trust Stock Performance

Shares of NASDAQ SQFTP opened at $6.75 on Monday. Presidio Property Trust has a 52 week low of $3.65 and a 52 week high of $15.99. The stock’s fifty day moving average is $6.05 and its 200 day moving average is $6.21.

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.