Tritax Big Box REIT plc (OTCMKTS:TTBXF) Short Interest Up 64.5% in August

Tritax Big Box REIT plc (OTCMKTS:TTBXF) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 32,535 shares, an increase of 64.5% from the August 15th total of 19,774 shares. Based on an average trading volume of 150 shares, the short-interest ratio is currently 216.9 days. Approximately 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TTBXF. Barclays reissued an “overweight” rating on shares of Tritax Big Box REIT in a research report on Monday, August 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Tritax Big Box REIT in a research note on Wednesday, August 26th. The Goldman Sachs Group reiterated a “buy” rating on shares of Tritax Big Box REIT in a research note on Tuesday, August 25th. BNP Paribas Exane started coverage on Tritax Big Box REIT in a research note on Wednesday, July 1st. They set an “outperform” rating for the company. Finally, Zacks Research downgraded shares of Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Tritax Big Box REIT Price Performance

OTCMKTS:TTBXF opened at $2.06 on Thursday. The stock’s fifty day moving average price is $2.15 and its two-hundred day moving average price is $2.08. Tritax Big Box REIT has a 52-week low of $1.70 and a 52-week high of $2.43.

About Tritax Big Box REIT

Tritax Big Box REIT plc is a United Kingdom-focused real estate investment trust that owns and manages large-scale logistics and distribution properties, commonly known as “big box” warehouses. Its portfolio is designed to support supply chains, e-commerce, retail distribution and other forms of logistics activity.

The company primarily generates rental income from modern logistics facilities leased to businesses across the United Kingdom. Its activities include acquiring, developing and actively managing strategically located warehouses, with a focus on properties that offer access to major transportation networks and population centers.