Generation Income Properties, Inc. (NASDAQ:GIPR) Stock Short Interest Jumps 178.9%

Generation Income Properties, Inc. (NASDAQ:GIPR) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 126,856 shares, a growth of 178.9% from the September 15th total of 45,482 shares. Based on an average daily volume of 40,075,884 shares, the days-to-cover ratio is currently 0.0 days. Approximately 7.3% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Wall Street Zen upgraded shares of Generation Income Properties to a “hold” rating in a research note on Saturday, September 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of Generation Income Properties in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Generation Income Properties Trading Up 5.8%

GIPR opened at $0.43 on Wednesday. The company’s 50-day moving average price is $0.49 and its 200 day moving average price is $1.60. Generation Income Properties has a fifty-two week low of $0.26 and a fifty-two week high of $19.90.

Generation Income Properties (NASDAQ:GIPR) last issued its earnings results on Friday, August 14th. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($3.17). The business had revenue of $2.11 million during the quarter, compared to the consensus estimate of $2.11 million.

Generation Income Properties Company Profile

Generation Income Properties, Inc (NASDAQ:GIPR) is a real estate investment trust (REIT) that acquires, owns and manages income-producing commercial properties. The company focuses primarily on necessity-based retail and other properties that are leased to established tenants, with the goal of generating recurring rental income over the long term.

Its portfolio has included freestanding and shopping-center retail properties, as well as office and other commercial real estate. Generation Income Properties generally seeks properties in locations supported by population growth, established consumer demand and essential services.