Short Interest in Generation Income Properties, Inc. (NASDAQ:GIPR) Drops By 47.6%

Generation Income Properties, Inc. (NASDAQ:GIPR) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 10,000 shares, a decrease of 47.6% from the June 30th total of 19,100 shares. Based on an average daily volume of 28,600 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Generation Income Properties Trading Down 1.0 %

Shares of GIPR traded down $0.03 during trading hours on Friday, hitting $2.99. The stock had a trading volume of 42,899 shares, compared to its average volume of 30,206. The company has a debt-to-equity ratio of 5.05, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market cap of $16.21 million, a P/E ratio of -1.18 and a beta of -0.09. The company’s fifty day simple moving average is $4.05 and its 200 day simple moving average is $3.87. Generation Income Properties has a 12-month low of $2.90 and a 12-month high of $4.64.

Generation Income Properties Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, June 28th. Investors of record on Saturday, June 15th were given a $0.039 dividend. This represents a $0.47 annualized dividend and a dividend yield of 15.65%. The ex-dividend date was Friday, June 14th. Generation Income Properties’s dividend payout ratio (DPR) is currently -18.29%.

Analysts Set New Price Targets

Separately, Maxim Group reissued a “hold” rating on shares of Generation Income Properties in a research note on Thursday, June 6th.

About Generation Income Properties

Generation Income Properties, Inc, located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties in densely populated submarkets.