Presidio Property Trust, Inc. (NASDAQ:SQFTW) Sees Large Decline in Short Interest

Presidio Property Trust, Inc. (NASDAQ:SQFTW) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,299 shares, a drop of 62.7% from the April 30th total of 3,483 shares. Based on an average daily volume of 18,234 shares, the short-interest ratio is presently 0.1 days.

Presidio Property Trust Stock Down 6.3%

NASDAQ SQFTW traded down $0.00 during trading on Monday, hitting $0.02. 107 shares of the company’s stock were exchanged, compared to its average volume of 21,127. Presidio Property Trust has a fifty-two week low of $0.01 and a fifty-two week high of $0.10. The stock’s 50 day moving average price is $0.02 and its two-hundred day moving average price is $0.02.

About Presidio Property Trust

Presidio is an internally managed, diversified REIT with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties. Presidio's model homes are leased to homebuilders located in Arizona, Illinois, Texas, Wisconsin, and Florida. Our office, industrial and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California. While geographical clustering of real estate enables us to reduce our operating costs through economies of scale by servicing several properties with less staff, it makes us susceptible to changing market conditions in these discrete geographic areas, including those that have developed as a result of COVID-19.