Presidio Property Trust, Inc. (NASDAQ:SQFT) Sees Significant Drop in Short Interest

Presidio Property Trust, Inc. (NASDAQ:SQFT) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 68,286 shares, a decline of 66.1% from the April 15th total of 201,287 shares. Based on an average trading volume of 34,045 shares, the short-interest ratio is presently 2.0 days. Currently, 6.2% of the company’s shares are short sold.

Presidio Property Trust Trading Down 6.0%

Shares of NASDAQ SQFT traded down $0.18 during mid-day trading on Friday, reaching $2.84. The company had a trading volume of 16,159 shares, compared to its average volume of 38,538. The business’s 50-day moving average is $2.96 and its 200-day moving average is $3.47. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 3.74. The stock has a market cap of $4.09 million, a price-to-earnings ratio of -0.31 and a beta of 1.90. Presidio Property Trust has a 52 week low of $2.10 and a 52 week high of $23.00.

Presidio Property Trust (NASDAQ:SQFT) last announced its quarterly earnings data on Saturday, March 28th. The company reported ($3.70) earnings per share (EPS) for the quarter. Presidio Property Trust had a negative return on equity of 27.61% and a negative net margin of 49.22%.The firm had revenue of $4.11 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Presidio Property Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Presidio Property Trust presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Presidio Property Trust stock. Ketron Financial acquired a new position in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 10,725 shares of the company’s stock, valued at approximately $36,000. Ketron Financial owned about 0.74% of Presidio Property Trust at the end of the most recent reporting period. Institutional investors and hedge funds own 38.92% of the company’s stock.

Presidio Property Trust Company Profile

Presidio Property Trust, Inc is a real estate investment trust (REIT) that specializes in acquiring, owning and managing single-tenant commercial properties across the United States. The company employs a net-lease strategy, entering into long-term leases with corporate tenants to generate stable rental income and minimize landlord responsibilities related to property operations.

The trust’s portfolio includes a diverse mix of industrial, office and research and development facilities.