Generation Income Properties, Inc. (NASDAQ:GIPR) Short Interest Update

Generation Income Properties, Inc. (NASDAQ:GIPR) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 14,600 shares, an increase of 46.0% from the August 31st total of 10,000 shares. Based on an average daily volume of 34,800 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of Generation Income Properties

An institutional investor recently bought a new position in Generation Income Properties stock. Renaissance Technologies LLC purchased a new stake in shares of Generation Income Properties, Inc. (NASDAQ:GIPR) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 28,600 shares of the company’s stock, valued at approximately $117,000. Renaissance Technologies LLC owned about 0.53% of Generation Income Properties as of its most recent SEC filing. 20.72% of the stock is owned by institutional investors.

Generation Income Properties Stock Up 2.8 %

Shares of GIPR traded up $0.06 during mid-day trading on Friday, reaching $2.22. The company had a trading volume of 20,048 shares, compared to its average volume of 31,389. The company has a debt-to-equity ratio of 6.53, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market capitalization of $12.04 million, a price-to-earnings ratio of -0.86 and a beta of -0.12. The firm has a 50-day moving average price of $2.38 and a 200 day moving average price of $3.42. Generation Income Properties has a 52 week low of $1.93 and a 52 week high of $4.64.

Generation Income Properties (NASDAQ:GIPR) last released its earnings results on Thursday, August 15th. The company reported ($0.42) EPS for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.06. The firm had revenue of $2.26 million for the quarter. Generation Income Properties had a negative return on equity of 106.37% and a negative net margin of 89.09%.

Analyst Upgrades and Downgrades

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

Generation Income Properties Company Profile

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.