Generation Income Properties, Inc. (NASDAQ:GIPR) Sees Significant Increase in Short Interest

Generation Income Properties, Inc. (NASDAQ:GIPR) was the target of a large increase in short interest in October. As of October 15th, there was short interest totaling 142,400 shares, an increase of 123.5% from the September 30th total of 63,700 shares. Based on an average daily volume of 585,000 shares, the short-interest ratio is presently 0.2 days. Currently, 3.0% of the shares of the company are sold short. Currently, 3.0% of the shares of the company are sold short. Based on an average daily volume of 585,000 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Generation Income Properties in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Generation Income Properties stock. Gator Capital Management LLC increased its holdings in shares of Generation Income Properties, Inc. (NASDAQ:GIPR) by 137.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 204,200 shares of the company’s stock after acquiring an additional 118,176 shares during the period. Gator Capital Management LLC owned approximately 3.75% of Generation Income Properties worth $327,000 as of its most recent SEC filing. 20.72% of the stock is currently owned by institutional investors and hedge funds.

Generation Income Properties Stock Up 3.2%

Shares of GIPR opened at $1.30 on Friday. The stock has a fifty day simple moving average of $1.19 and a two-hundred day simple moving average of $1.34. The company has a market capitalization of $7.08 million, a PE ratio of -0.68 and a beta of -0.10. Generation Income Properties has a 52-week low of $0.78 and a 52-week high of $2.14. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 20.28.

Generation Income Properties (NASDAQ:GIPR) last posted its earnings results on Friday, August 15th. The company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.20). The business had revenue of $2.43 million for the quarter, compared to analysts’ expectations of $2.38 million. Generation Income Properties had a negative return on equity of 247.43% and a negative net margin of 105.40%.

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.