Tritax Big Box REIT plc (OTCMKTS:TTBXF) Sees Significant Decrease in Short Interest

Tritax Big Box REIT plc (OTCMKTS:TTBXF) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totalling 100 shares, a decline of 91.7% from the August 15th total of 1,200 shares. Based on an average trading volume of 700 shares, the days-to-cover ratio is presently 0.1 days.

OTCMKTS TTBXF remained flat at $$3.29 on Wednesday. The firm’s fifty day simple moving average is $3.05 and its 200 day simple moving average is $2.81. Tritax Big Box REIT has a 12-month low of $2.46 and a 12-month high of $3.29.

TTBXF has been the topic of several research reports. Royal Bank of Canada reiterated an “outperform” rating on shares of Tritax Big Box REIT in a research report on Friday, August 6th. Barclays restated an “equal weight” rating on shares of Tritax Big Box REIT in a report on Tuesday, August 10th.

About Tritax Big Box REIT

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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