SEGRO (OTCMKTS:SEGXF) Sees Significant Drop in Short Interest

SEGRO (OTCMKTS:SEGXF) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 4,513 shares, a drop of 71.5% from the September 30th total of 15,849 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,582 shares, the short-interest ratio is presently 2.9 days.

SEGRO Price Performance

OTCMKTS SEGXF opened at $12.30 on Thursday. SEGRO has a 52 week low of $8.20 and a 52 week high of $13.30. The company has a 50-day moving average price of $12.53 and a 200-day moving average price of $11.00.

Analyst Upgrades and Downgrades

SEGXF has been the subject of several research reports. BNP Paribas Exane started coverage on shares of SEGRO in a report on Wednesday, July 1st. They set a “neutral” rating for the company. Berenberg Bank cut shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Jefferies Financial Group downgraded shares of SEGRO from a “buy” rating to a “hold” rating in a research report on Thursday, July 9th. Barclays upgraded shares of SEGRO from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Finally, Kepler Capital Markets lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

About SEGRO

SEGRO plc is a United Kingdom-based real estate investment trust specializing in industrial and logistics property. The company owns, develops and manages warehouses, distribution facilities, urban logistics sites, data centers and flexible business units used by manufacturers, retailers, logistics providers and other commercial tenants.

SEGRO serves customers across the United Kingdom and several major Continental European markets, with properties concentrated around strategic transport hubs, cities and densely populated urban areas.