Short Interest in Presidio Property Trust, Inc. (NASDAQ:SQFTP) Rises By 271.3%

Presidio Property Trust, Inc. (NASDAQ:SQFTP) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 1,552 shares, a growth of 271.3% from the May 31st total of 418 shares. Based on an average daily volume of 2,480 shares, the days-to-cover ratio is currently 0.6 days.

Presidio Property Trust Price Performance

Shares of SQFTP traded up $0.02 during trading hours on Friday, reaching $5.87. 225 shares of the company traded hands, compared to its average volume of 9,527. Presidio Property Trust has a 12-month low of $3.65 and a 12-month high of $15.99. The business has a fifty day moving average price of $6.13 and a 200-day moving average price of $8.36.

Presidio Property Trust Company Profile

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.