SEGRO (OTCMKTS:SEGXF) Sees Significant Decline in Short Interest

SEGRO (OTCMKTS:SEGXF) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 4,513 shares, a decline of 71.5% from the September 30th total of 15,849 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,582 shares, the days-to-cover ratio is currently 2.9 days.

SEGRO Stock Performance

SEGXF stock opened at $12.09 on Friday. SEGRO has a twelve month low of $8.20 and a twelve month high of $13.30. The stock’s 50 day moving average is $12.52 and its 200-day moving average is $11.01.

Analysts Set New Price Targets

A number of research firms have weighed in on SEGXF. Barclays raised shares of SEGRO from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Kepler Capital Markets downgraded shares of SEGRO from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 1st. Berenberg Bank lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 18th. Finally, Jefferies Financial Group lowered shares of SEGRO from a “buy” rating to a “hold” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, SEGRO currently has an average rating of “Hold”.

SEGRO Company Profile

SEGRO plc is a United Kingdom-based real estate investment trust specializing in industrial and logistics property. The company owns, develops and manages warehouses, distribution facilities, urban logistics sites, data centers and flexible business units used by manufacturers, retailers, logistics providers and other commercial tenants.

SEGRO serves customers across the United Kingdom and several major Continental European markets, with properties concentrated around strategic transport hubs, cities and densely populated urban areas.