Tritax Big Box REIT plc (OTCMKTS:TTBXF) Short Interest Up 140.6% in April

Tritax Big Box REIT plc (OTCMKTS:TTBXF) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 58,979 shares, an increase of 140.6% from the April 15th total of 24,511 shares. Based on an average daily volume of 16 shares, the short-interest ratio is presently 3,686.2 days. Currently, 0.0% of the shares of the stock are short sold.

Tritax Big Box REIT Trading Up 12.5%

TTBXF opened at $1.98 on Friday. The company has a fifty day moving average of $2.01 and a 200-day moving average of $1.99. Tritax Big Box REIT has a twelve month low of $1.70 and a twelve month high of $2.37.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Tritax Big Box REIT to a “hold” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

About Tritax Big Box REIT

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.