Generation Income Properties, Inc. (NASDAQ:GIPR) Short Interest Up 309.1% in May

Generation Income Properties, Inc. (NASDAQ:GIPR) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 780,937 shares, an increase of 309.1% from the May 14th total of 190,894 shares. Approximately 12.7% of the company’s shares are short sold. Based on an average daily volume of 55,923,119 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On Generation Income Properties

An institutional investor recently raised its position in Generation Income Properties stock. Gator Capital Management LLC grew its stake in Generation Income Properties, Inc. (NASDAQ:GIPR) by 17.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 267,769 shares of the company’s stock after acquiring an additional 39,126 shares during the period. Gator Capital Management LLC owned 4.91% of Generation Income Properties worth $247,000 at the end of the most recent quarter. 20.72% of the stock is owned by institutional investors and hedge funds.

Generation Income Properties Trading Down 2.9%

Shares of Generation Income Properties stock opened at $0.19 on Friday. The company has a market capitalization of $1.24 million, a PE ratio of -0.10 and a beta of 0.22. Generation Income Properties has a 12 month low of $0.16 and a 12 month high of $1.99. The stock’s fifty day simple moving average is $0.28 and its 200 day simple moving average is $0.52.

Generation Income Properties (NASDAQ:GIPR) last released its earnings results on Friday, May 15th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.66). The firm had revenue of $2.18 million for the quarter, compared to the consensus estimate of $2.46 million. Generation Income Properties had a negative return on equity of 723.20% and a negative net margin of 102.07%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Generation Income Properties in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

Generation Income Properties Company Profile

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.