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

StackIt Storage Inc (NASDAQ:STAK) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 1,042,632 shares, a growth of 218.8% from the April 30th total of 327,074 shares. Currently, 7.9% of the company’s stock are sold short. Based on an average trading volume of 5,777,301 shares, the short-interest ratio is presently 0.2 days.

StackIt Storage Stock Performance

Shares of StackIt Storage stock remained flat at $0.96 on Friday. The stock had a trading volume of 67,557 shares, compared to its average volume of 3,380,359. StackIt Storage has a one year low of $0.29 and a one year high of $3.97. The company has a quick ratio of 0.54, a current ratio of 1.85 and a debt-to-equity ratio of 0.03. The firm’s 50 day moving average is $1.07 and its 200-day moving average is $0.69.

StackIt Storage (NASDAQ:STAK) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $9.62 million for the quarter.

Wall Street Analyst Weigh In

Several equities research analysts have commented on STAK shares. Wall Street Zen raised shares of StackIt Storage to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings started coverage on shares of StackIt Storage in a research report on Wednesday, April 8th. They set a “sell (d)” rating on the stock. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average 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.