StackIt Storage Inc (NASDAQ:STAK) Short Interest Update

StackIt Storage Inc (NASDAQ:STAK) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 590,330 shares, a drop of 43.6% from the July 30th total of 1,046,856 shares. Approximately 4.5% of the company’s stock are sold short. Based on an average trading volume of 1,324,444 shares, the days-to-cover ratio is currently 0.4 days.

StackIt Storage Stock Performance

Shares of NASDAQ:STAK traded up $0.01 on Monday, reaching $1.27. The company had a trading volume of 68,725 shares, compared to its average volume of 4,193,324. StackIt Storage has a twelve month low of $0.29 and a twelve month high of $12.00. The stock has a 50-day moving average price of $2.63 and a 200 day moving average price of $1.97. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 0.54.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of StackIt Storage in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

StackIt Storage Company Profile

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.