Plymouth Industrial REIT Inc. Financial Update

Plymouth Industrial REIT Inc., a real estate investment trust listed on the NYSE American, has recently released its first-quarter financial results. The company’s close price on April 29, 2025, was $14.87, with a 52-week high of $24.71 on July 23, 2024, and a 52-week low of $12.7 on April 8, 2025.

First Quarter Financial Results

The company reported a Funds From Operations (FFO) of $0.44, which fell short of expectations by $0.02. Additionally, revenue for the quarter was $45.57 million, missing the anticipated figure by $2.12 million. These results were detailed in a report by Seeking Alpha on May 1, 2025.

Short Interest Update

In a separate development, Plymouth Industrial REIT experienced a significant decrease in short interest during April 2025. As of April 15, short interest totaled 1,040,000 shares, marking a 27.8% decline from the 1,440,000 shares recorded on March 31. This reduction in short interest indicates a potential shift in investor sentiment. The current days-to-cover ratio stands at 2.8 days, with approximately 2.3% of the company’s shares being short sold.

Institutional Investor Activity

Several hedge funds have adjusted their positions in Plymouth Industrial REIT. Barclays PLC notably increased its stake by 321.2% during the third quarter, now holding 63,101 shares valued at $1,426,000 after acquiring an additional 48,119 shares. Tidal Investments LLC also raised its position by 7.4%, now owning 23,433 shares.

These financial updates and institutional activities provide a comprehensive view of Plymouth Industrial REIT’s current market position and investor interest.