StackIt Storage Inc (NASDAQ:STAK) Short Interest Update

StackIt Storage Inc (NASDAQ:STAK) was the recipient of a significant decline in short interest during 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 sold short. Based on an average daily trading volume, of 435,244 shares, the days-to-cover ratio is presently 0.7 days.

StackIt Storage Stock Down 4.9%

Shares of StackIt Storage stock traded down $0.40 on Friday, hitting $7.72. The stock had a trading volume of 721,804 shares, compared to its average volume of 4,065,572. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 0.54. The business’s 50 day moving average is $1.73 and its two-hundred day moving average is $0.95. StackIt Storage has a twelve month low of $0.29 and a twelve month high of $9.50.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on STAK. Wall Street Zen raised StackIt Storage to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings began coverage on StackIt Storage in a research report on Wednesday, April 8th. They issued a “sell (d)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

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.