Presidio Property Trust, Inc. (NASDAQ:SQFT) Shares Shorted: Short Interest Down 76.7% in October

Presidio Property Trust, Inc. (NASDAQ:SQFT) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 25,881 shares, a decrease of 76.7% from the September 30th total of 110,865 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average daily trading volume, of 41,273 shares, the days-to-cover ratio is presently 0.6 days.

Presidio Property Trust Trading Up 1.9%

Shares of SQFT stock traded up $0.01 during trading on Thursday, hitting $0.80. 11,718 shares of the stock traded hands, compared to its average volume of 373,979. The company has a debt-to-equity ratio of 3.74, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $1.14 million, a P/E ratio of -0.09 and a beta of 1.86. The firm’s fifty day moving average price is $1.20 and its 200-day moving average price is $2.34. Presidio Property Trust has a 52-week low of $0.72 and a 52-week high of $6.40.

Presidio Property Trust (NASDAQ:SQFT) last released its earnings results on Thursday, August 13th. The company reported ($3.33) earnings per share 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 during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Presidio Property Trust from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.

Presidio Property Trust Company Profile

Presidio Property Trust, Inc is a real estate investment trust that acquires, owns, and manages a diversified portfolio of commercial and residential properties in the United States. Its real estate activities are focused primarily on income-producing properties, with holdings that have included office, industrial, retail, and multifamily residential assets.

The company seeks to generate revenue through property rentals and related real estate operations. Its commercial properties serve business tenants across multiple industries, while its residential portfolio consists of multifamily communities that provide housing to individual and family residents.

Presidio Property Trust was formerly known as NetREIT, Inc and adopted its current name in 2019.