Short Interest in Presidio Property Trust, Inc. (NASDAQ:SQFTW) Declines By 62.7%

Presidio Property Trust, Inc. (NASDAQ:SQFTW) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 1,299 shares, a decrease of 62.7% from the April 30th total of 3,483 shares. Based on an average daily volume of 18,234 shares, the days-to-cover ratio is presently 0.1 days.

Presidio Property Trust Trading Down 5.3%

Shares of NASDAQ:SQFTW opened at $0.02 on Friday. Presidio Property Trust has a twelve month low of $0.01 and a twelve month high of $0.10. The firm’s 50 day moving average price is $0.02 and its 200-day moving average price is $0.02.

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.