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

Presidio Property Trust, Inc. (NASDAQ:SQFT) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 25,881 shares, a drop of 76.7% from the September 30th total of 110,865 shares. Currently, 2.5% of the shares of the stock are short sold. Based on an average trading volume of 41,273 shares, the short-interest ratio is currently 0.6 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of 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 data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Presidio Property Trust Stock Down 0.6%

Shares of Presidio Property Trust stock traded down $0.00 on Wednesday, hitting $0.79. 26,757 shares of the company’s stock traded hands. Presidio Property Trust has a one year low of $0.72 and a one year high of $6.40. The company has a fifty day moving average of $1.21 and a two-hundred day moving average of $2.35.

Presidio Property Trust (NASDAQ:SQFT) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($3.33) earnings per share for the quarter. The company had revenue of $3.82 million during the quarter.

About Presidio Property Trust

Presidio Property Trust, Inc is a self-managed real estate investment trust (REIT) that acquires, owns, operates and manages a diversified portfolio of commercial and residential real estate. Its commercial properties include suburban office buildings, flex and industrial facilities, and retail properties, while its residential portfolio consists primarily of multifamily communities.

The company’s properties are generally located in U.S. markets and are leased to businesses and residential tenants.