Generation Income Properties, Inc. (NASDAQ:GIPR) Shares Shorted: Short Interest Up 127.5% in October

Generation Income Properties, Inc. (NASDAQ:GIPR) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 288,545 shares, a growth of 127.5% from the September 30th total of 126,856 shares. Approximately 16.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 28,882,510 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GIPR. Wall Street Zen upgraded Generation Income Properties to a “hold” rating in a research report on Saturday, September 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of Generation Income Properties in a report on Thursday, October 15th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Generation Income Properties Trading Down 8.8%

GIPR traded down $0.03 on Friday, reaching $0.30. The stock had a trading volume of 206,364 shares, compared to its average volume of 6,432,836. The company has a market capitalization of $550,374.00, a price-to-earnings ratio of -0.03 and a beta of 0.22. Generation Income Properties has a fifty-two week low of $0.26 and a fifty-two week high of $13.60. The firm has a 50-day moving average of $0.43 and a 200-day moving average of $2.50.

Generation Income Properties (NASDAQ:GIPR) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($3.17). The firm had revenue of $2.11 million during the quarter, compared to analysts’ expectations of $2.11 million.

Generation Income Properties Company Profile

Generation Income Properties, Inc (NASDAQ:GIPR) is a real estate investment trust (REIT) focused on acquiring, owning and managing income-producing commercial properties. The company generally targets properties that are leased to established tenants under long-term agreements, with an emphasis on generating recurring rental income.

Its portfolio has included primarily single-tenant retail and office properties, as well as select industrial and other commercial real estate. Generation Income Properties seeks properties in densely populated and economically diverse markets throughout the United States, with locations selected for tenant demand, visibility and long-term income potential.

The company was founded in 2015 and became a publicly traded REIT in 2019.