StackIt Storage Inc (NASDAQ:STAK) Short Interest Down 71.1% in May

StackIt Storage Inc (NASDAQ:STAK) was the target of a significant drop in short interest in May. As of May 29th, there was short interest totaling 301,790 shares, a drop of 71.1% from the May 14th total of 1,042,632 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average daily volume of 435,244 shares, the short-interest ratio is presently 0.7 days.

StackIt Storage Trading Down 2.8%

NASDAQ:STAK traded down $0.21 during mid-day trading on Thursday, reaching $7.37. The stock had a trading volume of 684,618 shares, compared to its average volume of 4,093,760. The company has a quick ratio of 0.54, a current ratio of 1.85 and a debt-to-equity ratio of 0.03. The stock’s 50 day simple moving average is $1.59 and its two-hundred day simple moving average is $0.90. StackIt Storage has a 1-year low of $0.29 and a 1-year high of $8.80.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Weiss Ratings assumed coverage on StackIt Storage in a research note on Wednesday, April 8th. They issued a “sell (d)” rating for the company. Wall Street Zen upgraded StackIt Storage to a “hold” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

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.