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

Generation Income Properties, Inc. (NASDAQ:GIPR) was the recipient of a large increase in short interest in 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 shares of the company are short sold. Based on an average daily volume of 55,923,119 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Generation Income Properties

An institutional investor recently raised its position in Generation Income Properties stock. Gator Capital Management LLC boosted its stake in Generation Income Properties, Inc. (NASDAQ:GIPR) by 17.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 267,769 shares of the company’s stock after acquiring an additional 39,126 shares during the quarter. Gator Capital Management LLC owned 4.91% of Generation Income Properties worth $247,000 as of its most recent filing with the SEC. 20.72% of the stock is owned by institutional investors.

Generation Income Properties Stock Down 2.9%

Shares of NASDAQ:GIPR traded down $0.01 during trading on Friday, hitting $0.19. 238,922 shares of the stock traded hands, compared to its average volume of 25,695,016. The company has a market cap of $1.24 million, a price-to-earnings ratio of -0.10 and a beta of 0.22. The company has a fifty day moving average price of $0.28 and a two-hundred day moving average price of $0.52. Generation Income Properties has a 52-week low of $0.16 and a 52-week high of $1.99.

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

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.