SEGRO Plc (OTCMKTS:SEGXF) Short Interest Update

SEGRO Plc (OTCMKTS:SEGXF - Get Free Report) was the target of a large increase in short interest in May. As of May 15th, there was short interest totalling 1,856,200 shares, an increase of 23.3% from the April 30th total of 1,505,200 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is presently 6,187.3 days. Approximately 0.1% of the shares of the stock are short sold.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. UBS Group raised SEGRO from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of SEGRO in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, SEGRO has an average rating of "Moderate Buy".

SEGRO Stock Performance

SEGRO stock remained flat at $9.29 during midday trading on Friday. 2 shares of the company were exchanged, compared to its average volume of 2,623. SEGRO has a 1 year low of $7.64 and a 1 year high of $12.49. The firm has a fifty day moving average of $8.78 and a two-hundred day moving average of $8.93.

SEGRO Company Profile

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.