Tritax Big Box REIT plc (OTCMKTS:TTBXF) Shares Shorted: Short Interest Up 1,900.6% in October

Tritax Big Box REIT plc (OTCMKTS:TTBXF) saw a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 456,387 shares, an increase of 1,900.6% from the October 15th total of 22,813 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 466 shares, the short-interest ratio is currently 979.4 days.

Tritax Big Box REIT Price Performance

OTCMKTS:TTBXF remained flat at $1.98 during mid-day trading on Wednesday. The business has a fifty day moving average price of $1.97 and a 200 day moving average price of $2.07. Tritax Big Box REIT has a 1 year low of $1.61 and a 1 year high of $2.43.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays reiterated an “overweight” rating on shares of Tritax Big Box REIT in a report on Monday, August 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Tritax Big Box REIT in a research report on Wednesday, August 26th. The Goldman Sachs Group restated a “buy” rating on shares of Tritax Big Box REIT in a research note on Tuesday, August 25th. Zacks Research lowered Tritax Big Box REIT from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 30th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Tritax Big Box REIT in a report on Wednesday, October 14th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Tritax Big Box REIT currently has an average rating of “Moderate Buy”.

Tritax Big Box REIT Company Profile

Tritax Big Box REIT is a UK real estate investment trust focused on large-scale logistics properties, including distribution warehouses and other facilities used to store and move goods. It owns and manages these properties and leases them to businesses that need space for supply-chain and distribution operations. The company’s portfolio is concentrated in the United Kingdom, with properties generally positioned to serve major population centres and transport networks. Its activities include acquiring, managing and developing logistics real estate for long-term use by tenants.