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

Generation Income Properties, Inc. (NASDAQ:GIPR – Get Rating) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 12,200 shares, a growth of 100.0% from the April 15th total of 6,100 shares. Based on an average daily volume of 16,800 shares, the short-interest ratio is currently 0.7 days. Approximately 0.7% of the company’s shares are short sold.

Shares of NASDAQ:GIPR traded down $0.03 during trading on Friday, hitting $6.69. The company had a trading volume of 20,582 shares, compared to its average volume of 21,615. Generation Income Properties has a one year low of $5.75 and a one year high of $10.25. The company has a fifty day simple moving average of $7.10 and a two-hundred day simple moving average of $6.85. The company has a debt-to-equity ratio of 2.12, a current ratio of 33.94 and a quick ratio of 33.94.

The business also recently disclosed a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a $0.054 dividend. This represents a $0.65 annualized dividend and a dividend yield of 9.69%. The ex-dividend date of this dividend is Tuesday, June 14th.

A hedge fund recently bought a new stake in Generation Income Properties stock. Gator Capital Management LLC purchased a new position in shares of Generation Income Properties, Inc. (NASDAQ:GIPR – Get Rating) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 62,000 shares of the company’s stock, valued at approximately $386,000. Gator Capital Management LLC owned about 2.87% of Generation Income Properties as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 3.79% of the company’s stock.

About Generation Income Properties (Get Rating)

Generation Income Properties (GIP) is a Real Estate Investment Trust based in Tampa, Florida that specializes in acquiring a diversified portfolio of high quality single tenant properties. Our portfolio consists of office, industrial and retail assets across the United States occupied by primarily investment grade credit tenants.

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