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

Generation Income Properties, Inc. (NASDAQ:GIPR) saw a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 14,600 shares, a growth of 46.0% from the August 31st total of 10,000 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 34,800 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Investors Weigh In On Generation Income Properties

A hedge fund recently bought a new stake in Generation Income Properties stock. Renaissance Technologies LLC purchased a new position in shares of Generation Income Properties, Inc. (NASDAQ:GIPR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,600 shares of the company’s stock, valued at approximately $117,000. Renaissance Technologies LLC owned approximately 0.53% of Generation Income Properties at the end of the most recent reporting period. 20.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Generation Income Properties Stock Performance

GIPR stock traded up $0.06 during mid-day trading on Friday, hitting $2.22. 19,914 shares of the company were exchanged, compared to its average volume of 31,389. Generation Income Properties has a 1-year low of $1.93 and a 1-year high of $4.64. The stock has a market capitalization of $12.04 million, a PE ratio of -0.86 and a beta of -0.12. The business has a 50 day simple moving average of $2.40 and a 200-day simple moving average of $3.43. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 6.53.

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

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.