SEGRO (OTCMKTS:SEGXF) Sees Significant Growth in Short Interest

SEGRO (OTCMKTS:SEGXF) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 342,341 shares, a growth of 32.5% from the January 15th total of 258,326 shares. Based on an average daily trading volume, of 2,328 shares, the short-interest ratio is presently 147.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 2,328 shares, the short-interest ratio is presently 147.1 days.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded shares of SEGRO from a “hold” rating to a “buy” rating in a research note on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SEGRO has a consensus rating of “Hold”.

SEGRO Trading Up 1.3%

Shares of OTCMKTS SEGXF opened at $11.00 on Monday. SEGRO has a 52 week low of $7.64 and a 52 week high of $11.12. The business’s 50 day moving average price is $9.84 and its 200 day moving average price is $9.31.

SEGRO Company Profile

SEGRO PLC (OTCMKTS:SEGXF) is a leading real estate investment trust specializing in the ownership, development and management of modern warehousing, light industrial and urban logistics properties. As a FTSE 100 company, SEGRO’s portfolio encompasses a broad range of distribution centres, last-mile facilities and multi-let industrial estates designed to support high-growth sectors such as e-commerce, retail and manufacturing.

The company traces its origins to the Slough Trading Company, established in 1920, and underwent a major rebranding in 2009 to become SEGRO, reflecting its pan-European ambitions.