Short Interest in Presidio Property Trust, Inc. (NASDAQ:SQFTW) Declines By 62.7%

Presidio Property Trust, Inc. (NASDAQ:SQFTW) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 1,299 shares, a decrease of 62.7% from the April 30th total of 3,483 shares. Based on an average trading volume of 18,234 shares, the short-interest ratio is presently 0.1 days.

Presidio Property Trust Stock Down 5.3%

Presidio Property Trust stock opened at $0.02 on Friday. The company has a 50 day moving average price of $0.02 and a 200-day moving average price of $0.02. Presidio Property Trust has a fifty-two week low of $0.01 and a fifty-two week high of $0.10.

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. While geographical clustering of real estate enables us to reduce our operating costs through economies of scale by servicing several properties with less staff, it makes us susceptible to changing market conditions in these discrete geographic areas, including those that have developed as a result of COVID-19.