Presidio Property Trust, Inc. (NASDAQ:SQFTP) Sees Large Growth in Short Interest

Presidio Property Trust, Inc. (NASDAQ:SQFTP) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 955 shares, a growth of 128.5% from the June 30th total of 418 shares. Based on an average trading volume of 2,838 shares, the days-to-cover ratio is presently 0.3 days.

Presidio Property Trust Stock Down 3.5%

Shares of Presidio Property Trust stock opened at $5.58 on Tuesday. The business has a fifty day simple moving average of $5.69 and a two-hundred day simple moving average of $6.91. Presidio Property Trust has a 1 year low of $3.65 and a 1 year high of $15.99.

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.