Generation Income Properties, Inc. (NASDAQ:GIPR) Shares Shorted: Short Interest Up 127.5% in October

Generation Income Properties, Inc. (NASDAQ:GIPR) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 288,545 shares, an increase of 127.5% from the September 30th total of 126,856 shares. Currently, 16.5% of the company’s shares are short sold. Based on an average daily volume of 28,882,510 shares, the short-interest ratio is presently 0.0 days.

Generation Income Properties Price Performance

NASDAQ GIPR traded down $0.03 during mid-day trading on Friday, reaching $0.30. 206,364 shares of the stock were exchanged, compared to its average volume of 6,432,836. The stock has a market cap of $550,374.00, a P/E ratio of -0.03 and a beta of 0.22. Generation Income Properties has a one year low of $0.26 and a one year high of $13.60. The stock has a 50 day simple moving average of $0.43 and a 200-day simple moving average of $2.50.

Generation Income Properties (NASDAQ:GIPR) last issued its quarterly 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 for the quarter, compared to analyst estimates of $2.11 million.

Analyst Ratings Changes

Several brokerages recently weighed in on GIPR. Weiss Ratings reissued a “sell (e+)” rating on shares of Generation Income Properties in a research note on Thursday, October 15th. Wall Street Zen raised Generation Income Properties to a “hold” rating in a research report on Saturday, September 19th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Generation Income Properties presently has a consensus rating of “Sell”.

About Generation Income Properties

Generation Income Properties, Inc (NASDAQ:GIPR) is a real estate investment trust (REIT) focused on acquiring, owning and managing income-producing commercial properties. The company generally targets properties that are leased to established tenants under long-term agreements, with an emphasis on generating recurring rental income.

Its portfolio has included primarily single-tenant retail and office properties, as well as select industrial and other commercial real estate. Generation Income Properties seeks properties in densely populated and economically diverse markets throughout the United States, with locations selected for tenant demand, visibility and long-term income potential.

The company was founded in 2015 and became a publicly traded REIT in 2019.