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

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

Presidio Property Trust Stock Down 4.0%

Presidio Property Trust stock traded down $0.24 during midday trading on Monday, hitting $5.83. The stock had a trading volume of 225 shares, compared to its average volume of 9,527. The business has a fifty day moving average price of $6.13 and a 200 day moving average price of $8.31. Presidio Property Trust has a 12 month low of $3.65 and a 12 month high of $15.99.

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.