Tritax Big Box REIT plc (OTCMKTS:TTBXF) Short Interest Update

Tritax Big Box REIT plc (OTCMKTS:TTBXF) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 8,708 shares, a decrease of 90.8% from the June 15th total of 94,958 shares. Based on an average daily trading volume, of 1,246 shares, the short-interest ratio is presently 7.0 days. Approximately 0.0% of the shares of the stock are short sold.

Tritax Big Box REIT Price Performance

TTBXF stock remained flat at $2.17 during midday trading on Friday. The company has a 50 day simple moving average of $2.02 and a two-hundred day simple moving average of $2.04. Tritax Big Box REIT has a fifty-two week low of $1.70 and a fifty-two week high of $2.43.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on TTBXF shares. Zacks Research upgraded Tritax Big Box REIT from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. BNP Paribas Exane started coverage on shares of Tritax Big Box REIT in a research note on Wednesday, July 1st. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Strong Buy”.

Tritax Big Box REIT Company Profile

Tritax Big Box REIT (OTCMKTS: TTBXF) is a real estate investment trust specializing in large-scale logistics and distribution properties across the United Kingdom. The company focuses on acquiring, managing and leasing modern “big box” warehouses that serve as critical nodes in e-commerce, retail and third-party logistics networks. Its assets are designed to offer high quality, sustainable space with efficient floor plans, abundant parking and strong transport links.

The REIT’s portfolio is externally managed by Tritax Management LLP, a specialist real estate investment manager with experience in the logistics sector.