Presidio Property Trust, Inc. (NASDAQ:SQFT) Sees Significant Increase in Short Interest

Presidio Property Trust, Inc. (NASDAQ:SQFT) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 89,600 shares, an increase of 47.1% from the August 15th total of 60,900 shares. Based on an average daily volume of 25,900 shares, the short-interest ratio is presently 3.5 days.

Presidio Property Trust Price Performance

Presidio Property Trust stock opened at $0.85 on Friday. The company has a current ratio of 2.67, a quick ratio of 2.67 and a debt-to-equity ratio of 2.21. The company has a fifty day simple moving average of $0.86 and a 200-day simple moving average of $0.92. The stock has a market cap of $11.15 million, a P/E ratio of -1.84 and a beta of 1.07. Presidio Property Trust has a 12-month low of $0.77 and a 12-month high of $1.79.

Institutional Trading of Presidio Property Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. boosted its position in shares of Presidio Property Trust by 11.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 48,051 shares of the company’s stock worth $179,000 after acquiring an additional 4,822 shares in the last quarter. BlackRock Inc. boosted its holdings in Presidio Property Trust by 27.3% in the first quarter. BlackRock Inc. now owns 31,070 shares of the company’s stock valued at $115,000 after purchasing an additional 6,665 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Presidio Property Trust in the first quarter valued at approximately $37,000. Atria Wealth Solutions Inc. acquired a new stake in Presidio Property Trust during the first quarter worth approximately $1,266,000. Finally, Virtu Financial LLC purchased a new stake in shares of Presidio Property Trust during the 1st quarter worth approximately $82,000. 9.26% of the stock is currently owned by institutional investors and hedge funds.

About Presidio Property Trust

Presidio is an internally managed, diversified REIT with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties. Presidio's model homes are leased to homebuilders located in Arizona, Illinois, Texas, Wisconsin, and Florida. Our office, industrial and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California.