SEGRO (OTCMKTS:SEGXF) Stock Short Interest Declines 71.5%

SEGRO (OTCMKTS:SEGXF) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 4,513 shares, a decline of 71.5% from the September 30th total of 15,849 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,582 shares, the days-to-cover ratio is currently 2.9 days.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays upgraded shares of SEGRO from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. BNP Paribas Exane initiated coverage on shares of SEGRO in a report on Wednesday, July 1st. They set a “neutral” rating for the company. Kepler Capital Markets downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 1st. Berenberg Bank cut shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 18th. Finally, Jefferies Financial Group downgraded shares of SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

SEGRO Price Performance

SEGRO stock remained flat at $12.30 during trading on Wednesday. The business’s 50 day simple moving average is $12.54 and its two-hundred day simple moving average is $10.98. SEGRO has a fifty-two week low of $8.20 and a fifty-two week high of $13.30.

About SEGRO

SEGRO plc is a United Kingdom-based real estate investment trust specializing in industrial and logistics property. The company owns, develops and manages warehouses, distribution facilities, urban logistics sites, data centers and flexible business units used by manufacturers, retailers, logistics providers and other commercial tenants.

SEGRO serves customers across the United Kingdom and several major Continental European markets, with properties concentrated around strategic transport hubs, cities and densely populated urban areas.