StackIt Storage Inc (NASDAQ:STAK) Short Interest Down 43.6% in August

StackIt Storage Inc (NASDAQ:STAK) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 590,330 shares, a decrease of 43.6% from the July 30th total of 1,046,856 shares. Currently, 4.5% of the shares of the stock are short sold. Based on an average daily volume of 1,324,444 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of StackIt Storage in a research note on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, StackIt Storage has an average rating of “Sell”.

StackIt Storage Stock Down 3.1%

STAK traded down $0.04 on Tuesday, reaching $1.27. 83,927 shares of the company traded hands, compared to its average volume of 4,169,212. The company has a current ratio of 1.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.03. The firm has a fifty day simple moving average of $2.55 and a two-hundred day simple moving average of $1.98. StackIt Storage has a one year low of $0.29 and a one year high of $12.00.

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.