Tritax Big Box REIT plc (OTCMKTS:TTBXF) Short Interest Up 78.6% in June

Tritax Big Box REIT plc (OTCMKTS:TTBXF) was the target of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 94,958 shares, a growth of 78.6% from the May 31st total of 53,158 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 105 shares, the short-interest ratio is presently 904.4 days.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TTBXF. BNP Paribas Exane assumed coverage on shares of Tritax Big Box REIT in a report on Wednesday. They issued an “outperform” rating on the stock. Zacks Research raised shares of Tritax Big Box REIT to a “hold” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Tritax Big Box REIT Stock Performance

Shares of OTCMKTS:TTBXF opened at $2.42 on Thursday. Tritax Big Box REIT has a 1-year low of $1.70 and a 1-year high of $2.42. The business has a fifty day moving average price of $2.00 and a 200-day moving average price of $2.03.

Tritax Big Box REIT Company Profile

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.