Tritax Big Box REIT plc (OTCMKTS:TTBXF) Short Interest Update

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. BNP Paribas Exane assumed coverage on Tritax Big Box REIT in a report on Wednesday, July 1st. They set an “outperform” rating for the company. Zacks Research raised Tritax Big Box REIT from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Strong Buy”.

Tritax Big Box REIT Stock Performance

TTBXF remained flat at $2.17 on Friday. Tritax Big Box REIT has a 1 year low of $1.70 and a 1 year high of $2.43. The business has a fifty day simple moving average of $2.02 and a 200-day simple moving average of $2.04.

About Tritax Big Box REIT

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.