Presidio Property Trust, Inc. (NASDAQ:SQFT) Sees Large Drop in Short Interest

Presidio Property Trust, Inc. (NASDAQ:SQFT) was the recipient of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 69,562 shares, a decrease of 40.9% from the December 31st total of 117,735 shares. Approximately 6.4% of the company’s stock are short sold. Based on an average daily volume of 33,560 shares, the short-interest ratio is currently 2.1 days. Based on an average daily volume of 33,560 shares, the short-interest ratio is currently 2.1 days. Approximately 6.4% of the company’s stock are short sold.

Insider Activity

In related news, CEO Jack Kendrick Heilbron bought 10,000 shares of the stock in a transaction dated Friday, December 26th. The stock was bought at an average cost of $2.82 per share, with a total value of $28,200.00. Following the completion of the acquisition, the chief executive officer owned 25,061 shares of the company’s stock, valued at $70,672.02. This trade represents a 66.40% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 24.00% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Presidio Property Trust stock. IFP Advisors Inc lifted its stake in Presidio Property Trust, Inc. (NASDAQ:SQFT) by 10.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,843 shares of the company’s stock after purchasing an additional 2,980 shares during the quarter. IFP Advisors Inc owned about 2.74% of Presidio Property Trust worth $172,000 as of its most recent SEC filing. 38.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SQFT has been the topic of a number of research analyst reports. Wall Street Zen lowered shares of Presidio Property Trust to a “strong sell” rating in a report on Saturday, October 11th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Presidio Property Trust in a research note on Monday, December 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

Presidio Property Trust Stock Performance

Presidio Property Trust stock traded down $0.05 during mid-day trading on Friday, reaching $2.34. 15,078 shares of the company’s stock were exchanged, compared to its average volume of 29,074. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 3.19. The firm has a market capitalization of $3.38 million, a PE ratio of -0.30 and a beta of 1.56. Presidio Property Trust has a one year low of $2.31 and a one year high of $23.00. The business’s fifty day simple moving average is $3.61 and its 200 day simple moving average is $5.07.

Presidio Property Trust (NASDAQ:SQFT) last announced its earnings results on Wednesday, November 12th. The company reported ($1.53) earnings per share for the quarter. Presidio Property Trust had a negative return on equity of 20.53% and a negative net margin of 38.70%.The business had revenue of $4.20 million during the quarter.

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.