StackIt Storage Inc (NASDAQ:STAK) Short Interest Update

StackIt Storage Inc (NASDAQ:STAK) was the target of a significant increase in short interest in 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. Approximately 5.5% of the company’s stock are sold short. Based on an average daily trading volume, of 7,353,913 shares, the days-to-cover ratio is currently 0.1 days.

StackIt Storage Stock Performance

Shares of NASDAQ:STAK traded up $0.06 during trading on Wednesday, hitting $3.87. 26,178 shares of the company were exchanged, compared to its average volume of 3,710,369. StackIt Storage has a fifty-two week low of $0.29 and a fifty-two week high of $9.50. 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 firm has a fifty day moving average price of $2.76 and a two-hundred day moving average price of $1.37.

StackIt Storage (NASDAQ:STAK) last released 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.

Analyst Ratings Changes

Several equities research analysts have commented on STAK shares. Weiss Ratings assumed coverage on StackIt Storage in a research note on Wednesday, April 8th. They issued a “sell (d)” rating on the stock. Wall Street Zen raised shares of 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.com, the company 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.