Generation Income Properties, Inc. (NASDAQ:GIPR) Shares Shorted: Short Interest Down 72.9% in September

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

Generation Income Properties Stock Performance

NASDAQ GIPR traded down $0.03 during trading hours on Monday, hitting $0.40. The company had a trading volume of 1,008,678 shares, compared to its average volume of 5,495,184. The firm has a market capitalization of $742,140.00, a price-to-earnings ratio of -0.04 and a beta of 0.23. Generation Income Properties has a 52 week low of $0.26 and a 52 week high of $19.90. The firm has a 50 day simple moving average of $0.57 and a 200 day simple moving average of $1.86.

Generation Income Properties (NASDAQ:GIPR) last released 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 firm had revenue of $2.11 million for the quarter, compared to analysts’ expectations of $2.11 million.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Generation Income Properties in a research report on Friday, July 17th. Wall Street Zen upgraded Generation Income Properties to a “hold” rating in a report on Saturday, September 19th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

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.