Tritax Big Box REIT plc (OTCMKTS:TTBXF) Short Interest Update

Tritax Big Box REIT plc (OTCMKTS:TTBXF – Get Rating) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 1,300 shares, a decline of 61.8% from the April 15th total of 3,400 shares. Based on an average trading volume of 500 shares, the short-interest ratio is currently 2.6 days.

Several research analysts recently commented on the company. Barclays reduced their price objective on Tritax Big Box REIT from GBX 145 ($1.79) to GBX 135 ($1.66) in a research note on Wednesday, April 6th. Royal Bank of Canada raised their price target on shares of Tritax Big Box REIT from GBX 270 ($3.33) to GBX 275 ($3.39) in a research note on Friday, January 28th. Finally, Stifel Nicolaus upped their price objective on shares of Tritax Big Box REIT from GBX 220 ($2.71) to GBX 235 ($2.90) in a research note on Thursday, February 3rd.

OTCMKTS:TTBXF opened at $2.46 on Thursday. Tritax Big Box REIT has a one year low of $2.40 and a one year high of $4.24. The stock has a 50 day moving average price of $3.70 and a 200 day moving average price of $3.35.

About Tritax Big Box REIT (Get Rating)

Tritax Big Box REIT plc is the only listed vehicle dedicated to investing in very large logistics warehouse assets (Big Boxes) in the UK and is committed to delivering attractive and sustainable returns for shareholders. Investing in and actively managing existing built investments, land suitable for Big Box development and developments predominantly delivered through pre-let forward funded basis, the Company focuses on large, well-located, modern Big Box logistics assets, let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the UK.

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