SEGRO (OTCMKTS:SEGXF) Stock Short Interest Declines 71.5%

SEGRO (OTCMKTS:SEGXF) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 4,513 shares, a drop of 71.5% from the September 30th total of 15,849 shares. Based on an average trading volume of 1,582 shares, the days-to-cover ratio is currently 2.9 days. Currently, 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group downgraded shares of SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. Barclays raised SEGRO from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Kepler Capital Markets cut SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 1st. BNP Paribas Exane began coverage on SEGRO in a research note on Wednesday, July 1st. They set a “neutral” rating for the company. Finally, Berenberg Bank lowered SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

SEGRO Price Performance

SEGXF remained flat at $12.30 during trading hours on Wednesday. The firm’s 50 day moving average is $12.54 and its 200-day moving average is $10.98. SEGRO has a 1-year low of $8.20 and a 1-year high of $13.30.

About SEGRO

SEGRO plc is a United Kingdom-based real estate investment trust specializing in industrial and logistics property. The company owns, develops and manages warehouses, distribution facilities, urban logistics sites, data centers and flexible business units used by manufacturers, retailers, logistics providers and other commercial tenants.

SEGRO serves customers across the United Kingdom and several major Continental European markets, with properties concentrated around strategic transport hubs, cities and densely populated urban areas.