SEGRO (OTCMKTS:SEGXF – Get Free Report) was the recipient of a large decline in short interest in September. As of September 30th, there was short interest totaling 15,849 shares, a decline of 92.7% from the September 15th total of 216,375 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 271 shares, the short-interest ratio is presently 58.5 days.
Analyst Ratings Changes
SEGXF has been the subject of a number of research reports. Berenberg Bank downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 18th. BNP Paribas Exane initiated coverage on SEGRO in a report on Wednesday, July 1st. They set a “neutral” rating on the stock. Kepler Capital Markets lowered SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Jefferies Financial Group cut SEGRO from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. Finally, Barclays upgraded SEGRO from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, SEGRO currently has an average rating of “Hold”.
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SEGRO Price Performance
About SEGRO
SEGRO plc is a UK-based real estate investment trust that owns, develops and manages modern warehouses and industrial properties. Its portfolio is focused primarily on logistics facilities, urban warehouses and other properties used by businesses for storage, distribution, manufacturing and related operations.
The company serves a range of occupiers, including retailers, logistics providers, manufacturers and data-driven businesses. SEGRO’s activities include property development, asset management and the operation of facilities in strategically located logistics and urban areas.
SEGRO traces its origins to Slough Trading Company, established in 1920, and adopted the SEGRO name in 2007.
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