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

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

Analyst Ratings Changes

GIPR has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Generation Income Properties in a report on Friday, July 17th. Wall Street Zen upgraded Generation Income Properties to a “hold” rating in a research note on Saturday, September 19th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has an average rating of “Sell”.

Generation Income Properties Stock Down 3.2%

Shares of GIPR stock traded down $0.01 during mid-day trading on Monday, reaching $0.40. 678,044 shares of the stock traded hands, compared to its average volume of 6,867,418. The company has a market cap of $752,370.00, a price-to-earnings ratio of -0.04 and a beta of 0.22. The stock’s fifty day simple moving average is $0.50 and its two-hundred day simple moving average is $1.63. Generation Income Properties has a 1-year low of $0.26 and a 1-year high of $19.90.

Generation Income Properties (NASDAQ:GIPR) last released its quarterly earnings data 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 firm had revenue of $2.11 million during the quarter, compared to the consensus estimate of $2.11 million.

Generation Income Properties Company Profile

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.