StackIt Storage Inc (NASDAQ:STAK) Sees Large Growth in Short Interest

StackIt Storage Inc (NASDAQ:STAK) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 730,110 shares, an increase 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 days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

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

StackIt Storage Stock Performance

Shares of STAK stock traded up $0.13 during mid-day trading on Monday, hitting $4.40. 51,000 shares of the stock were exchanged, compared to its average volume of 3,765,195. The stock’s fifty day simple moving average is $2.63 and its two-hundred day simple moving average is $1.31. StackIt Storage has a 12-month low of $0.29 and a 12-month high of $9.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.54 and a current ratio of 1.85.

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

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.