StackIt Storage Inc (NASDAQ:STAK) Short Interest Down 71.1% in May

StackIt Storage Inc (NASDAQ:STAK) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 301,790 shares, a decline of 71.1% from the May 14th total of 1,042,632 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily trading volume, of 435,244 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on STAK shares. Wall Street Zen upgraded StackIt Storage to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings started coverage on StackIt Storage in a research report on Wednesday, April 8th. They set a “sell (d)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

StackIt Storage Stock Down 2.8%

NASDAQ:STAK traded down $0.21 during midday trading on Thursday, hitting $7.37. 684,618 shares of the stock were exchanged, compared to its average volume of 4,093,760. StackIt Storage has a one year low of $0.29 and a one year high of $8.80. The business has a 50-day moving average price of $1.59 and a two-hundred day moving average price of $0.90. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 0.54.

StackIt Storage (NASDAQ:STAK) last announced its earnings results on Wednesday, May 13th. The company reported $0.07 EPS for the quarter. The firm had revenue of $9.62 million for the quarter.

About StackIt Storage

Manufactured Housing Properties Inc engages in the administration and management of manufactured housing communities. The firm manufactures home sites to tenants that own manufactured home and the rental of company-owned manufactured homes to residents of the communities. Its communities are located in North Carolina, South Carolina and Tennessee. The company was founded on September 3, 2003 and is headquartered in Pineville, NC.