SEGRO (OTCMKTS:SEGXF) Sees Large Decrease in Short Interest

SEGRO (OTCMKTS:SEGXF) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 283,703 shares, a decrease of 20.2% from the November 30th total of 355,736 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,997 shares, the days-to-cover ratio is currently 56.8 days. Based on an average daily trading volume, of 4,997 shares, the days-to-cover ratio is currently 56.8 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

SEGXF has been the subject of a number of analyst reports. The Goldman Sachs Group raised SEGRO from a “hold” rating to a “buy” rating in a research report on Monday, September 8th. BNP Paribas lowered SEGRO to an “underperform” rating in a report on Wednesday, September 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

SEGRO Stock Up 1.2%

Shares of OTCMKTS:SEGXF opened at $9.48 on Wednesday. The stock’s 50-day moving average is $9.54 and its 200-day moving average is $9.11. SEGRO has a 52-week low of $7.64 and a 52-week high of $10.10.

About SEGRO

SEGRO PLC (OTCMKTS:SEGXF) is a leading real estate investment trust specializing in the ownership, development and management of modern warehousing, light industrial and urban logistics properties. As a FTSE 100 company, SEGRO’s portfolio encompasses a broad range of distribution centres, last-mile facilities and multi-let industrial estates designed to support high-growth sectors such as e-commerce, retail and manufacturing.

The company traces its origins to the Slough Trading Company, established in 1920, and underwent a major rebranding in 2009 to become SEGRO, reflecting its pan-European ambitions.