SEGRO Plc (OTCMKTS:SEGXF) Sees Significant Increase in Short Interest

SEGRO Plc (OTCMKTS:SEGXF) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totalling 1,856,200 shares, an increase of 23.3% from the April 30th total of 1,505,200 shares. Based on an average trading volume of 300 shares, the short-interest ratio is currently 6,187.3 days. Currently, 0.1% of the company’s shares are sold short.

Analyst Ratings Changes

A number of equities research analysts have recently commented on SEGXF shares. Hsbc Global Res lowered SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SEGRO in a report on Tuesday, May 13th. Finally, UBS Group upgraded shares of SEGRO from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

SEGRO Price Performance

Shares of SEGXF remained flat at $8.70 during midday trading on Tuesday. The company’s stock had a trading volume of 3 shares, compared to its average volume of 2,707. The firm has a fifty day moving average of $8.76 and a 200 day moving average of $8.92. SEGRO has a 1 year low of $7.64 and a 1 year high of $12.49.

SEGRO Company Profile

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.8 million square metres of space (116 million square feet) valued at £20.6 billion serving customers from a wide range of industry sectors.