Generation Income Properties, Inc. (NASDAQ:GIPR) Short Interest Down 63.4% in August

by · The Markets Daily

Generation Income Properties, Inc. (NASDAQ:GIPR – Get Free Report) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 47,489 shares, a drop of 63.4% from the July 30th total of 129,723 shares. Based on an average daily trading volume, of 3,568,074 shares, the days-to-cover ratio is currently 0.0 days. Currently, 2.7% of the shares of the stock are short sold.

Generation Income Properties Price Performance

Shares of NASDAQ GIPR traded down $0.02 during midday trading on Friday, reaching $0.43. 513,592 shares of the stock traded hands, compared to its average volume of 2,548,032. The stock has a market capitalization of $804,510.30, a PE ratio of -0.04 and a beta of 0.30. Generation Income Properties has a one year low of $0.26 and a one year high of $19.90. The company’s 50 day moving average is $1.03 and its 200 day moving average is $2.53.

Generation Income Properties (NASDAQ:GIPR – Get Free Report) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.77) earnings per share for the quarter, missing the consensus estimate of $2.40 by ($3.17). The company had revenue of $2.11 million for the quarter, compared to the consensus estimate of $2.11 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Generation Income Properties in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Get Our Latest Research Report on GIPR

Generation Income Properties Company Profile

(Get Free Report)

Generation Income Properties is a publicly traded real estate investment company that focuses on acquiring and managing single-tenant, net-lease properties across the United States. The company seeks to generate stable, long-term cash flows by structuring sale-leaseback and build-to-suit transactions with investment-grade and middle-market tenants. Its portfolio spans essential industries such as retail, industrial, medical and office, with properties typically under long-term, triple-net leases that shift operating expenses to tenants.

The firm pursues a disciplined acquisition strategy, targeting properties in markets characterized by strong demographic and economic fundamentals.

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