Presidio Property Trust, Inc. (NASDAQ:SQFTP) Sees Large Increase in Short Interest

Presidio Property Trust, Inc. (NASDAQ:SQFTP) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,752 shares, an increase of 83.5% from the July 15th total of 955 shares. Based on an average trading volume of 2,778 shares, the days-to-cover ratio is currently 0.6 days.

Presidio Property Trust Stock Down 0.8%

SQFTP stock opened at $7.00 on Friday. The company has a fifty day moving average price of $5.79 and a 200-day moving average price of $6.16. Presidio Property Trust has a 52-week low of $3.65 and a 52-week high of $15.99.

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.