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

Key Points

• SEGRO experienced a significant decline in short interest, dropping by 28.9% from 2,459,600 shares to 1,748,200 shares as of September 30th.
• The stock currently has a consensus rating of "Hold", with one Strong Buy, one Buy, two Hold, and two Sell ratings from analysts.
• SEGRO's stock price reached $9.47 on Thursday, with a trading volume of 1,392 shares, below its average volume of 4,043 shares.

SEGRO (OTCMKTS:SEGXF - Get Free Report) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 1,748,200 shares, a drop of 28.9% from the September 15th total of 2,459,600 shares. Based on an average trading volume of 7,300 shares, the short-interest ratio is currently 239.5 days. Based on an average trading volume of 7,300 shares, the short-interest ratio is currently 239.5 days.

SEGRO Stock Performance

OTCMKTS SEGXF traded up $0.17 on Thursday, reaching $9.47. The company had a trading volume of 1,392 shares, compared to its average volume of 4,043. SEGRO has a fifty-two week low of $7.64 and a fifty-two week high of $10.70. The business has a 50 day moving average of $8.75 and a two-hundred day moving average of $8.87.

Analyst Ratings Changes

SEGXF has been the topic of a number of research analyst reports. Barclays lowered shares of SEGRO from a "hold" rating to a "strong sell" rating in a research report on Monday, August 18th. BNP Paribas lowered shares of SEGRO to an "underperform" rating in a research report on Wednesday, September 10th. Finally, The Goldman Sachs Group upgraded shares of SEGRO from a "hold" rating to a "buy" rating in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold".

About SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 10.8 million square metres of space (116 million square feet) valued at £20.6 billion serving customers from a wide range of industry sectors.

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