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 March. As of March 15th, there was short interest totalling 35,900 shares, an increase of 31.0% from the February 29th total of 27,400 shares. Based on an average daily trading volume, of 34,700 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On Presidio Property Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northern Trust Corp raised its stake in shares of Presidio Property Trust by 128.4% in the 4th quarter. Northern Trust Corp now owns 35,819 shares of the company’s stock valued at $37,000 after purchasing an additional 20,134 shares in the last quarter. WealthPLAN Partners LLC acquired a new stake in shares of Presidio Property Trust in the 4th quarter valued at about $30,000. State Street Corp raised its stake in shares of Presidio Property Trust by 14.0% in the 2nd quarter. State Street Corp now owns 26,569 shares of the company’s stock valued at $85,000 after purchasing an additional 3,270 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Presidio Property Trust in the 1st quarter valued at about $82,000. Finally, Atria Wealth Solutions Inc. acquired a new stake in shares of Presidio Property Trust in the 1st quarter valued at about $1,266,000. 38.92% of the stock is owned by hedge funds and other institutional investors.

Presidio Property Trust Stock Performance

NASDAQ:SQFT opened at $1.22 on Monday. The company has a debt-to-equity ratio of 1.50, a current ratio of 4.67 and a quick ratio of 4.67. The firm has a 50-day moving average of $1.11 and a two-hundred day moving average of $0.96. The stock has a market cap of $16.02 million, a P/E ratio of 0.86 and a beta of 1.56. Presidio Property Trust has a 1-year low of $0.50 and a 1-year high of $1.45.

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.