Presidio Property Trust, Inc. (NASDAQ:SQFT) Stock Short Interest Report for September

Presidio Property Trust, Inc. (NASDAQ:SQFT) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 110,865 shares, a growth of 89.1% from the September 15th total of 58,616 shares. Based on an average trading volume of 1,067,488 shares, the days-to-cover ratio is presently 0.1 days. Approximately 10.8% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Presidio Property Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Institutional Trading of Presidio Property Trust

A hedge fund recently bought a new stake in Presidio Property Trust stock. Ketron Financial acquired a new position in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,725 shares of the company’s stock, valued at approximately $36,000. Ketron Financial owned 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 Stock Down 2.1%

SQFT stock opened at $0.79 on Friday. The company’s 50 day moving average price is $1.30 and its 200 day moving average price is $2.25. The firm has a market capitalization of $1.13 million, a price-to-earnings ratio of -0.09 and a beta of 1.86. Presidio Property Trust has a fifty-two week low of $0.72 and a fifty-two week high of $6.40. The company has a debt-to-equity ratio of 3.74, a quick ratio of 1.17 and a current ratio of 1.17.

Presidio Property Trust (NASDAQ:SQFT) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($3.33) earnings per share for the quarter. Presidio Property Trust had a negative net margin of 54.31% and a negative return on equity of 34.35%. The business had revenue of $3.82 million during the quarter.

Presidio Property Trust Company Profile

Presidio Property Trust, Inc is a self-managed real estate investment trust (REIT) that acquires, owns, operates and manages a diversified portfolio of commercial and residential real estate. Its commercial properties include suburban office buildings, flex and industrial facilities, and retail properties, while its residential portfolio consists primarily of multifamily communities.

The company’s properties are generally located in U.S. markets and are leased to businesses and residential tenants.