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

Presidio Property Trust, Inc. (NASDAQ:SQFTP) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 977 shares, a drop of 46.1% from the September 15th total of 1,813 shares. Based on an average daily volume of 6,095 shares, the days-to-cover ratio is presently 0.2 days.

Presidio Property Trust Trading Up 1.0%

Shares of SQFTP traded up $0.07 during midday trading on Friday, hitting $6.32. The company’s stock had a trading volume of 570 shares, compared to its average volume of 7,723. Presidio Property Trust has a one year low of $3.65 and a one year high of $15.99. The company’s fifty day simple moving average is $6.66 and its two-hundred day simple moving average is $6.32.

About Presidio Property Trust

Presidio Property Trust, Inc is a real estate investment trust (REIT) that owns and manages a diversified portfolio of commercial and residential real estate. Its properties have historically included office buildings, retail centers, industrial facilities, multifamily communities and model homes.

The company’s strategy is focused on acquiring, operating and, when appropriate, disposing of income-producing properties in selected U.S. markets. Through its real estate portfolio, Presidio seeks to generate rental income from business tenants, retailers, apartment residents and other occupants.

Presidio Property Trust was formerly known as NetREIT, Inc and adopted its current name in 2020.