StackIt Storage Inc (NASDAQ:STAK) Short Interest Update

StackIt Storage Inc (NASDAQ:STAK) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,046,856 shares, a growth of 126.4% from the July 15th total of 462,373 shares. Based on an average daily volume of 17,288,650 shares, the short-interest ratio is currently 0.1 days. Currently, 7.9% of the shares of the company are sold short.

Analysts Set New Price Targets

A number of brokerages have weighed in on STAK. Wall Street Zen raised StackIt Storage to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of StackIt Storage in a research report on Monday, July 6th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

StackIt Storage Stock Up 11.4%

STAK stock opened at $1.76 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.85 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $3.62 and a two-hundred day moving average price of $1.89. StackIt Storage has a one year low of $0.29 and a one year high of $12.00.

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

StackIt Storage Company Profile

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.