Tritax Big Box REIT plc (OTCMKTS:TTBXF) Sees Large Decrease in Short Interest

Tritax Big Box REIT plc (OTCMKTS:TTBXF) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 8,708 shares, a decline of 90.8% from the June 15th total of 94,958 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,246 shares, the short-interest ratio is presently 7.0 days.

Tritax Big Box REIT Price Performance

Tritax Big Box REIT stock remained flat at $2.17 during trading hours on Friday. Tritax Big Box REIT has a 52-week low of $1.70 and a 52-week high of $2.43. The firm’s fifty day simple moving average is $2.02 and its 200-day simple moving average is $2.04.

Wall Street Analysts Forecast Growth

TTBXF has been the topic of a number of recent research reports. BNP Paribas Exane started coverage on Tritax Big Box REIT in a research note on Wednesday, July 1st. They set an “outperform” rating on the stock. Zacks Research upgraded Tritax Big Box REIT from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Strong Buy”.

Tritax Big Box REIT Company Profile

Tritax Big Box REIT (OTCMKTS: TTBXF) is a real estate investment trust specializing in large-scale logistics and distribution properties across the United Kingdom. The company focuses on acquiring, managing and leasing modern “big box” warehouses that serve as critical nodes in e-commerce, retail and third-party logistics networks. Its assets are designed to offer high quality, sustainable space with efficient floor plans, abundant parking and strong transport links.

The REIT’s portfolio is externally managed by Tritax Management LLP, a specialist real estate investment manager with experience in the logistics sector.