StackIt Storage Inc (NASDAQ:STAK) Sees Significant Decrease in Short Interest

StackIt Storage Inc (NASDAQ:STAK) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 590,330 shares, a decrease of 43.6% from the July 30th total of 1,046,856 shares. Based on an average trading volume of 1,324,444 shares, the short-interest ratio is presently 0.4 days. Currently, 4.5% of the company’s stock are sold short.

StackIt Storage Trading Down 3.8%

NASDAQ STAK opened at $1.27 on Friday. StackIt Storage has a 1 year low of $0.29 and a 1 year high of $12.00. The company has a current ratio of 1.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average price of $2.63 and a 200-day moving average price of $1.96.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on STAK. Weiss Ratings reaffirmed a “sell (d)” rating on shares of StackIt Storage in a research report on Monday, July 6th. Wall Street Zen raised StackIt Storage to a “hold” rating in a report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

StackIt Storage Company Profile

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.