Short Interest in Tritax Big Box REIT plc (OTCMKTS:TTBXF) Decreases By 90.8%

Tritax Big Box REIT plc (OTCMKTS:TTBXF) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 8,708 shares, a decrease of 90.8% from the June 15th total of 94,958 shares. Based on an average daily volume of 1,246 shares, the days-to-cover ratio is presently 7.0 days. Approximately 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several research firms have recently issued reports on TTBXF. BNP Paribas Exane started coverage on shares of Tritax Big Box REIT in a research report on Wednesday, July 1st. They set an “outperform” rating on the stock. Zacks Research upgraded shares of Tritax Big Box REIT from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Tritax Big Box REIT Price Performance

Shares of OTCMKTS:TTBXF remained flat at $2.17 during mid-day trading on Friday. Tritax Big Box REIT has a 12-month low of $1.70 and a 12-month high of $2.43. The business’s 50 day moving average price is $2.02 and its 200-day moving average price is $2.04.

Tritax Big Box REIT Company Profile

Tritax Big Box REIT (OTCMKTS: TTBXF) is a real estate investment trust specializing in large-scale logistics and distribution properties across the United Kingdom. The company focuses on acquiring, managing and leasing modern “big box” warehouses that serve as critical nodes in e-commerce, retail and third-party logistics networks. Its assets are designed to offer high quality, sustainable space with efficient floor plans, abundant parking and strong transport links.

The REIT’s portfolio is externally managed by Tritax Management LLP, a specialist real estate investment manager with experience in the logistics sector.