StackIt Storage Inc (NASDAQ:STAK) Short Interest Update

StackIt Storage Inc (NASDAQ:STAK) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,046,856 shares, a growth of 126.4% from the July 15th total of 462,373 shares. Based on an average daily trading volume, of 17,288,650 shares, the short-interest ratio is presently 0.1 days. Approximately 7.9% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on STAK shares. Weiss Ratings restated a “sell (d)” rating on shares of StackIt Storage in a research note on Monday, July 6th. Wall Street Zen upgraded StackIt Storage to a “hold” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

StackIt Storage Stock Performance

NASDAQ STAK opened at $1.76 on Friday. StackIt Storage has a 12 month low of $0.29 and a 12 month high of $12.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 0.54. The stock has a 50 day moving average of $3.62 and a 200-day moving average of $1.89.

StackIt Storage (NASDAQ:STAK) last issued 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 for the quarter.

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.