Presidio Property Trust, Inc. (NASDAQ:SQFT) Sees Significant Drop in Short Interest

Presidio Property Trust, Inc. (NASDAQ:SQFT) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 12,800 shares, a drop of 45.8% from the August 15th total of 23,600 shares. Based on an average daily volume of 835,000 shares, the short-interest ratio is presently 0.0 days. Currently, 1.1% of the company’s shares are short sold. Currently, 1.1% of the company’s shares are short sold. Based on an average daily volume of 835,000 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On Presidio Property Trust

An institutional investor recently raised its position in Presidio Property Trust stock. IFP Advisors Inc increased its position in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) by 10.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,843 shares of the company’s stock after purchasing an additional 2,980 shares during the period. IFP Advisors Inc owned 2.74% of Presidio Property Trust worth $172,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 38.92% of the company’s stock.

Presidio Property Trust Price Performance

Presidio Property Trust stock opened at $5.55 on Friday. Presidio Property Trust has a 12-month low of $4.19 and a 12-month high of $23.00. The stock has a market cap of $8.05 million, a P/E ratio of -0.48 and a beta of 1.32. The company has a 50-day moving average price of $5.87 and a 200 day moving average price of $5.81. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 3.22.

Presidio Property Trust Company Profile

Presidio Property Trust, Inc (we, our, us or the Company) is an internally-managed real estate investment trust (REIT), with holdings in office, industrial, retail and model home properties. We were incorporated in the State of California on September 28, 1999, and in August 2010, we reincorporated as a Maryland corporation.