Presidio Property Trust, Inc. (NASDAQ:SQFT) Shares Shorted: Short Interest Down 76.7% in October

Presidio Property Trust, Inc. (NASDAQ:SQFT) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 25,881 shares, a decrease of 76.7% from the September 30th total of 110,865 shares. Based on an average daily volume of 41,273 shares, the short-interest ratio is presently 0.6 days. Approximately 2.5% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Presidio Property Trust from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, Presidio Property Trust currently has an average rating of “Sell”.

Presidio Property Trust Trading Up 7.7%

Shares of Presidio Property Trust stock opened at $0.84 on Friday. The company has a debt-to-equity ratio of 3.74, a quick ratio of 1.17 and a current ratio of 1.17. Presidio Property Trust has a 52 week low of $0.72 and a 52 week high of $6.40. The stock has a 50 day moving average price of $1.18 and a two-hundred day moving average price of $2.33. The stock has a market capitalization of $1.20 million, a PE ratio of -0.10 and a beta of 1.86.

Presidio Property Trust (NASDAQ:SQFT) last issued its earnings results on Thursday, August 13th. The company reported ($3.33) earnings per share for the quarter. Presidio Property Trust had a negative return on equity of 34.35% and a negative net margin of 54.31%. The firm had revenue of $3.82 million for the quarter.

Presidio Property Trust Company Profile

Presidio Property Trust, Inc is a real estate investment trust that acquires, owns, and manages a diversified portfolio of commercial and residential properties in the United States. Its real estate activities are focused primarily on income-producing properties, with holdings that have included office, industrial, retail, and multifamily residential assets.

The company seeks to generate revenue through property rentals and related real estate operations. Its commercial properties serve business tenants across multiple industries, while its residential portfolio consists of multifamily communities that provide housing to individual and family residents.

Presidio Property Trust was formerly known as NetREIT, Inc and adopted its current name in 2019.