Generation Income Properties, Inc. (NASDAQ:GIPR) Short Interest Up 765.8% in June

Generation Income Properties, Inc. (NASDAQ:GIPR) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 432,503 shares, a growth of 765.8% from the June 15th total of 49,953 shares. Based on an average trading volume of 4,852,802 shares, the days-to-cover ratio is currently 0.1 days. Currently, 7.0% of the shares of the stock are short sold.

Generation Income Properties Price Performance

Generation Income Properties stock traded up $0.09 during mid-day trading on Friday, hitting $1.47. 503,104 shares of the company were exchanged, compared to its average volume of 3,034,712. The business’s 50 day simple moving average is $2.38 and its two-hundred day simple moving average is $4.10. The company has a market capitalization of $9.64 million, a P/E ratio of -0.81 and a beta of 0.25. Generation Income Properties has a 12-month low of $1.12 and a 12-month high of $19.90.

Generation Income Properties (NASDAQ:GIPR) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of $3.50 by ($3.81). The firm had revenue of $2.18 million during the quarter, compared to analyst estimates of $2.46 million.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Generation Income Properties stock. Gator Capital Management LLC lifted its position in shares of Generation Income Properties, Inc. (NASDAQ:GIPR) by 17.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 267,769 shares of the company’s stock after buying an additional 39,126 shares during the quarter. Gator Capital Management LLC owned approximately 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.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Generation Income Properties in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Generation Income Properties presently has a consensus 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.