Short Interest in Presidio Property Trust, Inc. (NASDAQ:SQFT) Grows By 264.0%

Presidio Property Trust, Inc. (NASDAQ:SQFT) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 117,735 shares, an increase of 264.0% from the December 15th total of 32,347 shares. Based on an average daily trading volume, of 805,844 shares, the days-to-cover ratio is currently 0.1 days. Currently, 10.8% of the shares of the stock are short sold. Currently, 10.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 805,844 shares, the days-to-cover ratio is currently 0.1 days.

Insider Transactions at Presidio Property Trust

In related news, CEO Jack Kendrick Heilbron bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The stock was purchased at an average price of $2.82 per share, for a total transaction of $28,200.00. Following the completion of the transaction, the chief executive officer owned 25,061 shares in the company, valued at $70,672.02. The trade was a 66.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 24.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Presidio Property Trust

An institutional investor recently raised its position in Presidio Property Trust stock. IFP Advisors Inc lifted its position in Presidio Property Trust, Inc. (NASDAQ:SQFT) by 10.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,843 shares of the company’s stock after acquiring an additional 2,980 shares during the quarter. IFP Advisors Inc owned 2.74% of Presidio Property Trust worth $172,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 38.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Wall Street Zen lowered Presidio Property Trust to a “strong sell” rating in a research report on Saturday, October 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of Presidio Property Trust in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Presidio Property Trust Stock Performance

Shares of NASDAQ:SQFT opened at $3.84 on Tuesday. The firm has a fifty day simple moving average of $4.09 and a two-hundred day simple moving average of $5.25. Presidio Property Trust has a 52 week low of $2.60 and a 52 week high of $23.00. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.19. The stock has a market capitalization of $5.53 million, a P/E ratio of -0.49 and a beta of 1.56.

Presidio Property Trust (NASDAQ:SQFT) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($1.53) EPS for the quarter. The business had revenue of $4.20 million during the quarter. Presidio Property Trust had a negative net margin of 38.70% and a negative return on equity of 20.53%.

About Presidio Property Trust

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.