Short Interest in SEGRO Plc (OTCMKTS:SEGXF) Grows By 23.3%

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

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of SEGRO in a report on Tuesday, May 13th. UBS Group raised SEGRO from a "hold" rating to a "strong-buy" rating in a report on Tuesday, March 11th. Three equities research analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

SEGRO Price Performance

SEGXF stock remained flat at $9.35 during mid-day trading on Thursday. The business has a fifty day simple moving average of $8.76 and a 200-day simple moving average of $8.93. SEGRO has a 52-week low of $7.64 and a 52-week high of $12.49.

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.