Generation Income Properties, Inc. (NASDAQ:GIPR) Stock Short Interest Drops 72.9%

Generation Income Properties, Inc. (NASDAQ:GIPR) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 45,482 shares, a drop of 72.9% from the August 31st total of 167,567 shares. Approximately 2.6% of the company’s shares are sold short. Based on an average daily trading volume, of 15,061,750 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Several research firms recently commented on GIPR. Weiss Ratings reiterated a “sell (e+)” rating on shares of Generation Income Properties in a research report on Friday, July 17th. Wall Street Zen raised shares of Generation Income Properties to a “hold” rating in a research note on Saturday, September 19th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Generation Income Properties Stock Down 19.7%

Generation Income Properties stock traded down $0.11 during trading hours on Friday, reaching $0.43. 30,112,067 shares of the company’s stock were exchanged, compared to its average volume of 28,264,368. The firm’s 50 day simple moving average is $0.57 and its 200 day simple moving average is $1.87. Generation Income Properties has a twelve month low of $0.26 and a twelve month high of $19.90. The firm has a market capitalization of $800,230.00, a PE ratio of -0.04 and a beta of 0.23.

Generation Income Properties (NASDAQ:GIPR) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($3.17). The firm 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 focused on acquiring, owning and managing income-producing commercial properties. The company generally targets properties that are leased to tenants operating businesses considered essential to their local communities.

Its portfolio may include retail, office and industrial properties, with an emphasis on single-tenant or other commercial assets leased under arrangements that require tenants to pay some or all property-related expenses.