Tritax Big Box REIT plc (OTCMKTS:TTBXF) Short Interest Up 78.6% in June

Tritax Big Box REIT plc (OTCMKTS:TTBXF) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 94,958 shares, an increase of 78.6% from the May 31st total of 53,158 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 105 shares, the short-interest ratio is currently 904.4 days.

Tritax Big Box REIT Price Performance

Shares of OTCMKTS:TTBXF opened at $2.17 on Friday. Tritax Big Box REIT has a 12 month low of $1.70 and a 12 month high of $2.43. The company’s 50-day moving average price is $2.01 and its two-hundred day moving average price is $2.03.

Analyst Ratings Changes

A number of research analysts have recently issued reports on TTBXF shares. Zacks Research upgraded shares of Tritax Big Box REIT from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. BNP Paribas Exane started coverage on Tritax Big Box REIT in a report on Wednesday. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

About Tritax Big Box REIT

Tritax Big Box REIT (OTCMKTS: TTBXF) is a real estate investment trust specializing in large-scale logistics and distribution properties across the United Kingdom. The company focuses on acquiring, managing and leasing modern “big box” warehouses that serve as critical nodes in e-commerce, retail and third-party logistics networks. Its assets are designed to offer high quality, sustainable space with efficient floor plans, abundant parking and strong transport links.

The REIT’s portfolio is externally managed by Tritax Management LLP, a specialist real estate investment manager with experience in the logistics sector.