Presidio Property Trust, Inc. (NASDAQ:SQFTP) Short Interest Update

Presidio Property Trust, Inc. (NASDAQ:SQFTP) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 1,552 shares, an increase of 271.3% from the May 31st total of 418 shares. Based on an average trading volume of 2,480 shares, the short-interest ratio is currently 0.6 days.

Presidio Property Trust Stock Up 0.4%

NASDAQ SQFTP opened at $5.87 on Friday. Presidio Property Trust has a 1-year low of $3.65 and a 1-year high of $15.99. The firm’s fifty day simple moving average is $6.13 and its 200-day simple moving average is $8.36.

About Presidio Property Trust

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.