Presidio Property Trust, Inc. (NASDAQ:SQFT) Sees Large Decrease in Short Interest

Presidio Property Trust, Inc. (NASDAQ:SQFT) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 70,700 shares, a drop of 16.1% from the February 28th total of 84,300 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 28,500 shares, the days-to-cover ratio is currently 2.5 days.

Presidio Property Trust Stock Performance

NASDAQ SQFT opened at $0.57 on Thursday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 1.49 and a current ratio of 1.49. The stock’s fifty day moving average is $0.63 and its two-hundred day moving average is $0.68. The firm has a market capitalization of $8.25 million, a P/E ratio of -0.20 and a beta of 1.45. Presidio Property Trust has a fifty-two week low of $0.47 and a fifty-two week high of $1.21.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Presidio Property Trust stock. Lepercq Multi Asset Fund bought a new position in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 134,125 shares of the company’s stock, valued at approximately $107,000. Presidio Property Trust accounts for about 0.1% of Lepercq Multi Asset Fund’s investment portfolio, making the stock its 7th largest holding. Lepercq Multi Asset Fund owned approximately 0.93% of Presidio Property Trust at the end of the most recent quarter. Institutional investors and hedge funds own 38.92% of the company’s stock.

Presidio Property Trust Company Profile

Presidio Property Trust, Inc (we, our, us or the Company) is an internally-managed real estate investment trust (REIT), with holdings in office, industrial, retail and model home properties. We were incorporated in the State of California on September 28, 1999, and in August 2010, we reincorporated as a Maryland corporation.