Short Interest in Presidio Property Trust, Inc. (NASDAQ:SQFT) Drops By 17.7%

Presidio Property Trust, Inc. (NASDAQ:SQFT) saw a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 50,696 shares, a decrease of 17.7% from the February 12th total of 61,584 shares. Based on an average daily volume of 7,941 shares, the days-to-cover ratio is currently 6.4 days. Currently, 4.6% of the company’s shares are short sold. Currently, 4.6% of the company’s shares are short sold. Based on an average daily volume of 7,941 shares, the days-to-cover ratio is currently 6.4 days.

Presidio Property Trust Stock Up 2.2%

Presidio Property Trust stock opened at $2.80 on Wednesday. The company has a market capitalization of $4.03 million, a PE ratio of -0.36 and a beta of 1.48. Presidio Property Trust has a 12-month low of $2.17 and a 12-month high of $23.00. The firm’s fifty day moving average is $2.95 and its 200 day moving average is $4.25. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.19.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Presidio Property Trust in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Insider Buying and Selling at Presidio Property Trust

In other news, CEO Jack Kendrick Heilbron acquired 10,000 shares of the firm’s stock in a transaction dated Friday, December 26th. The stock was bought at an average cost of $2.82 per share, for a total transaction of $28,200.00. Following the completion of the transaction, the chief executive officer directly owned 25,061 shares in the company, valued at $70,672.02. This represents a 66.40% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 24.00% of the stock is currently owned by company insiders.

Institutional Trading of Presidio Property Trust

An institutional investor recently bought a new position in Presidio Property Trust stock. Ketron Financial purchased a new position in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 10,725 shares of the company’s stock, valued at approximately $36,000. Ketron Financial owned 0.74% of Presidio Property Trust as of its most recent filing with the SEC. 38.92% of the stock is owned by hedge funds and other institutional investors.

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.