Generation Income Properties, Inc. (NASDAQ:GIPR) Stock Short Interest Report for September

Generation Income Properties, Inc. (NASDAQ:GIPR) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totaling 126,856 shares, an increase of 178.9% from the September 15th total of 45,482 shares. Approximately 7.3% of the company’s stock are sold short. Based on an average daily trading volume, of 40,075,884 shares, the short-interest ratio is currently 0.0 days.

Generation Income Properties Price Performance

NASDAQ GIPR traded up $0.01 during trading hours on Tuesday, hitting $0.42. The company’s stock had a trading volume of 656,844 shares, compared to its average volume of 6,835,811. Generation Income Properties has a 12 month low of $0.26 and a 12 month high of $19.90. The company’s 50 day simple moving average is $0.49 and its two-hundred day simple moving average is $1.61. The company has a market cap of $776,037.00, a P/E ratio of -0.04 and a beta of 0.22.

Generation Income Properties (NASDAQ:GIPR) last posted its earnings results on Friday, August 14th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the consensus estimate of $2.40 by ($3.17). The business had revenue of $2.11 million for the quarter, compared to analyst estimates of $2.11 million.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GIPR shares. Wall Street Zen raised shares of Generation Income Properties to a “hold” rating in a research report on Saturday, September 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Generation Income Properties in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Generation Income Properties has a consensus rating of “Sell”.

About Generation Income Properties

Generation Income Properties, Inc (NASDAQ:GIPR) is a real estate investment trust (REIT) that acquires, owns and manages income-producing commercial properties. The company focuses primarily on necessity-based retail and other properties that are leased to established tenants, with the goal of generating recurring rental income over the long term.

Its portfolio has included freestanding and shopping-center retail properties, as well as office and other commercial real estate. Generation Income Properties generally seeks properties in locations supported by population growth, established consumer demand and essential services.