Tritax Big Box REIT plc (OTCMKTS:TTBXF) Sees Large Decrease in Short Interest

Tritax Big Box REIT plc (OTCMKTS:TTBXF) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 19,290 shares, a decrease of 40.7% from the August 31st total of 32,535 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 4 shares, the days-to-cover ratio is presently 4,822.5 days.

Analyst Ratings Changes

Several brokerages have commented on TTBXF. The Goldman Sachs Group reissued a “buy” rating on shares of Tritax Big Box REIT in a report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research note on Wednesday, August 26th. Zacks Research cut shares of Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. BNP Paribas Exane began coverage on shares of Tritax Big Box REIT in a research note on Wednesday, July 1st. They issued an “outperform” rating on the stock. Finally, Barclays restated an “overweight” rating on shares of Tritax Big Box REIT in a research report on Monday, August 24th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Tritax Big Box REIT Stock Performance

OTCMKTS:TTBXF opened at $2.04 on Thursday. Tritax Big Box REIT has a 12 month low of $1.70 and a 12 month high of $2.43. The stock has a 50 day moving average of $2.13 and a two-hundred day moving average of $2.06.

About Tritax Big Box REIT

Tritax Big Box REIT plc is a United Kingdom-focused real estate investment trust that owns and manages large-scale logistics properties, commonly known as “big box” warehouses. Its portfolio is designed to support distribution, e-commerce, manufacturing, and broader supply-chain activities.

The company generates rental income by leasing its properties to occupiers, including major retailers, logistics providers, manufacturers, and other businesses that require strategically located distribution facilities.