Tritax Big Box REIT plc (OTCMKTS:TTBXF) Shares Shorted: Short Interest Up 1,900.6% in October

Tritax Big Box REIT plc (OTCMKTS:TTBXF) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 456,387 shares, an increase of 1,900.6% from the October 15th total of 22,813 shares. Based on an average trading volume of 466 shares, the days-to-cover ratio is currently 979.4 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on TTBXF shares. Zacks Research cut shares of Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 30th. Deutsche Bank reiterated a “buy” rating on shares of Tritax Big Box REIT in a research report on Wednesday, August 26th. The Goldman Sachs Group reissued a “buy” rating on shares of Tritax Big Box REIT in a research note on Tuesday, August 25th. Barclays reissued an “overweight” rating on shares of Tritax Big Box REIT in a report on Monday, August 24th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Tritax Big Box REIT in a research report on Wednesday, October 14th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Tritax Big Box REIT Price Performance

OTCMKTS:TTBXF opened at $1.98 on Thursday. Tritax Big Box REIT has a 1 year low of $1.61 and a 1 year high of $2.43. The stock has a 50-day moving average price of $1.97 and a two-hundred day moving average price of $2.08.

Tritax Big Box REIT Company Profile

Tritax Big Box REIT is a UK real estate investment trust focused on large-scale logistics properties, including distribution warehouses and other facilities used to store and move goods. It owns and manages these properties and leases them to businesses that need space for supply-chain and distribution operations. The company’s portfolio is concentrated in the United Kingdom, with properties generally positioned to serve major population centres and transport networks. Its activities include acquiring, managing and developing logistics real estate for long-term use by tenants.