Presidio Property Trust, Inc. (NASDAQ:SQFT) Stock Short Interest Report for September

Presidio Property Trust, Inc. (NASDAQ:SQFT) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 110,865 shares, an increase of 89.1% from the September 15th total of 58,616 shares. Based on an average daily volume of 1,067,488 shares, the days-to-cover ratio is currently 0.1 days. Approximately 10.8% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Presidio Property Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Presidio Property Trust presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Presidio Property Trust stock. Ketron Financial acquired a new position in Presidio Property Trust, Inc. (NASDAQ:SQFT) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,725 shares of the company’s stock, valued at approximately $36,000. Ketron Financial owned about 0.74% of Presidio Property Trust as of its most recent filing with the Securities and Exchange Commission. 38.92% of the stock is owned by hedge funds and other institutional investors.

Presidio Property Trust Stock Performance

NASDAQ:SQFT traded down $0.02 during trading on Friday, reaching $0.79. The company’s stock had a trading volume of 14,089 shares, compared to its average volume of 390,872. The firm has a market cap of $1.13 million, a price-to-earnings ratio of -0.09 and a beta of 1.86. The company has a debt-to-equity ratio of 3.74, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a 50 day moving average of $1.33 and a 200-day moving average of $2.26. Presidio Property Trust has a 12 month low of $0.72 and a 12 month high of $6.40.

Presidio Property Trust (NASDAQ:SQFT) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($3.33) EPS for the quarter. Presidio Property Trust had a negative net margin of 54.31% and a negative return on equity of 34.35%. The firm had revenue of $3.82 million for the quarter.

Presidio Property Trust Company Profile

Presidio Property Trust, Inc is a self-managed real estate investment trust (REIT) that acquires, owns, operates and manages a diversified portfolio of commercial and residential real estate. Its commercial properties include suburban office buildings, flex and industrial facilities, and retail properties, while its residential portfolio consists primarily of multifamily communities.

The company’s properties are generally located in U.S. markets and are leased to businesses and residential tenants.