Short Interest in Presidio Property Trust, Inc. (NASDAQ:SQFT) Decreases By 40.9%

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

Presidio Property Trust Stock Performance

Shares of SQFT stock remained flat at $2.39 during trading on Friday. 17,685 shares of the company were exchanged, compared to its average volume of 28,378. Presidio Property Trust has a 12 month low of $2.31 and a 12 month high of $23.00. The stock has a 50-day moving average price of $3.57 and a 200-day moving average price of $4.97. The company has a market capitalization of $3.44 million, a P/E ratio of -0.30 and a beta of 1.56. The company has a debt-to-equity ratio of 3.19, a current ratio of 1.78 and a quick ratio of 1.78.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Presidio Property Trust in a research report on Monday, December 22nd. Wall Street Zen downgraded shares of Presidio Property Trust to a “strong sell” rating in a research report on Saturday, October 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Insider Activity

In other Presidio Property Trust news, CEO Jack Kendrick Heilbron purchased 10,000 shares of the stock in a transaction that occurred on Friday, December 26th. The stock was purchased at an average price of $2.82 per share, with a total value of $28,200.00. Following the acquisition, the chief executive officer owned 25,061 shares in the company, valued at approximately $70,672.02. The trade was a 66.40% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 24.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Presidio Property Trust stock. IFP Advisors Inc increased its holdings in shares of Presidio Property Trust, Inc. (NASDAQ:SQFT) by 10.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 32,843 shares of the company’s stock after buying an additional 2,980 shares during the quarter. IFP Advisors Inc owned 2.74% of Presidio Property Trust worth $172,000 at the end of the most recent reporting period. 38.92% of the stock is currently owned by institutional investors and hedge funds.

Presidio Property Trust Company Profile

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.