Tritax Big Box REIT plc (OTCMKTS:TTBXF – Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 19,290 shares, a decrease of 40.7% from the August 31st total of 32,535 shares. Based on an average daily trading volume, of 4 shares, the short-interest ratio is currently 4,822.5 days. Approximately 0.0% of the company’s shares are short sold.
Tritax Big Box REIT Price Performance
OTCMKTS:TTBXF opened at $1.87 on Friday. Tritax Big Box REIT has a one year low of $1.76 and a one year high of $2.43. The company’s 50-day simple moving average is $2.12 and its 200 day simple moving average is $2.06.
Analyst Ratings Changes
TTBXF has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a “buy” rating on shares of Tritax Big Box REIT in a report on Tuesday, August 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Tritax Big Box REIT in a research note on Wednesday, August 26th. Barclays reiterated an “overweight” rating on shares of Tritax Big Box REIT in a report on Monday, August 24th. BNP Paribas Exane began coverage on Tritax Big Box REIT in a research note on Wednesday, July 1st. They issued an “outperform” rating on the stock. Finally, Zacks Research downgraded Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Tritax Big Box REIT has a consensus rating of “Moderate Buy”.
About Tritax Big Box REIT
Tritax Big Box REIT plc is a United Kingdom-focused real estate investment trust that owns and manages large-scale logistics properties, commonly known as “big box” warehouses. Its portfolio is designed to support distribution, e-commerce, manufacturing, and broader supply-chain activities.
The company generates rental income by leasing its properties to occupiers, including major retailers, logistics providers, manufacturers, and other businesses that require strategically located distribution facilities.
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