Short Interest in SEGRO (OTCMKTS:SEGXF) Decreases By 20.2%

SEGRO (OTCMKTS:SEGXF) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totaling 283,703 shares, a drop of 20.2% from the November 30th total of 355,736 shares. Based on an average daily volume of 4,997 shares, the short-interest ratio is currently 56.8 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 4,997 shares, the short-interest ratio is currently 56.8 days.

Wall Street Analysts Forecast Growth

SEGXF has been the topic of several analyst reports. The Goldman Sachs Group raised SEGRO from a “hold” rating to a “buy” rating in a report on Monday, September 8th. BNP Paribas cut shares of SEGRO to an “underperform” rating in a research note on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

SEGRO Stock Down 0.6%

Shares of OTCMKTS:SEGXF opened at $9.42 on Friday. SEGRO has a 1 year low of $7.64 and a 1 year high of $10.10. The stock’s fifty day moving average price is $9.54 and its 200-day moving average price is $9.12.

About SEGRO

SEGRO PLC (OTCMKTS:SEGXF) is a leading real estate investment trust specializing in the ownership, development and management of modern warehousing, light industrial and urban logistics properties. As a FTSE 100 company, SEGRO’s portfolio encompasses a broad range of distribution centres, last-mile facilities and multi-let industrial estates designed to support high-growth sectors such as e-commerce, retail and manufacturing.

The company traces its origins to the Slough Trading Company, established in 1920, and underwent a major rebranding in 2009 to become SEGRO, reflecting its pan-European ambitions.