SEGRO Plc (OTCMKTS:SEGXF) Sees Significant Increase in Short Interest

SEGRO Plc (OTCMKTS:SEGXF) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 1,465,900 shares, an increase of 53.7% from the October 31st total of 953,900 shares. Based on an average daily volume of 5,100 shares, the days-to-cover ratio is currently 287.4 days.

Analyst Ratings Changes

Separately, Barclays lowered shares of SEGRO from a “strong-buy” rating to a “hold” rating in a report on Wednesday.

SEGRO Stock Performance

SEGRO stock remained flat at $10.21 during midday trading on Friday. SEGRO has a fifty-two week low of $9.33 and a fifty-two week high of $12.49. The company has a 50 day moving average price of $10.69 and a 200-day moving average price of $11.30.

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.