Tritax Big Box REIT plc (OTCMKTS:TTBXF) Short Interest Update

Tritax Big Box REIT plc (OTCMKTS:TTBXF) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 14,939 shares, an increase of 71.6% from the June 30th total of 8,708 shares. Based on an average daily volume of 2,181 shares, the short-interest ratio is presently 6.8 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of research analysts have commented on TTBXF shares. Zacks Research cut Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a research note on Thursday. BNP Paribas Exane began coverage on Tritax Big Box REIT in a research note on Wednesday, July 1st. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Tritax Big Box REIT Price Performance

OTCMKTS TTBXF opened at $2.16 on Friday. The company’s fifty day simple moving average is $2.11 and its 200-day simple moving average is $2.08. Tritax Big Box REIT has a 52 week low of $1.70 and a 52 week high of $2.43.

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.