Short Interest in Presidio Property Trust, Inc. (NASDAQ:SQFTW) Increases By 397.2%

Presidio Property Trust, Inc. (NASDAQ:SQFTW) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 4,584 shares, a growth of 397.2% from the July 15th total of 922 shares. Based on an average daily trading volume, of 6,854 shares, the short-interest ratio is presently 0.7 days.

Presidio Property Trust Stock Performance

Shares of NASDAQ:SQFTW traded up $0.00 during midday trading on Wednesday, hitting $0.01. 1,967 shares of the stock were exchanged, compared to its average volume of 16,444. The business’s 50-day moving average price is $0.02 and its 200 day moving average price is $0.02. Presidio Property Trust has a 12 month low of $0.01 and a 12 month high of $0.06.

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.