Short Interest in StackIt Storage Inc (NASDAQ:STAK) Increases By 141.9%

StackIt Storage Inc (NASDAQ:STAK) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 730,110 shares, a growth of 141.9% from the May 31st total of 301,790 shares. Currently, 5.5% of the company’s stock are short sold. Based on an average daily volume of 7,353,913 shares, the short-interest ratio is presently 0.1 days.

StackIt Storage Stock Down 12.6%

STAK traded down $0.55 on Tuesday, hitting $3.81. 349,351 shares of the company traded hands, compared to its average volume of 3,740,321. StackIt Storage has a 12-month low of $0.29 and a 12-month high of $9.50. The company has a 50 day moving average of $2.76 and a 200-day moving average of $1.37. The company has a quick ratio of 0.54, a current ratio of 1.85 and a debt-to-equity ratio of 0.03.

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

Analyst Upgrades and Downgrades

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

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.