Generation Income Properties, Inc. (NASDAQ:GIPR) Sees Large Increase in Short Interest

Generation Income Properties, Inc. (NASDAQ:GIPR) was the recipient of a large 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. Currently, 16.5% of the company’s stock are sold short. Based on an average daily volume of 28,882,510 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Generation Income Properties in a research report on Thursday, October 15th. Wall Street Zen upgraded shares of 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 stock presently has a consensus rating of “Sell”.

Generation Income Properties Price Performance

Shares of Generation Income Properties stock opened at $0.30 on Friday. The stock has a market cap of $550,374.00, a price-to-earnings ratio of -0.03 and a beta of 0.22. Generation Income Properties has a 1 year low of $0.26 and a 1 year high of $13.60. The firm’s 50-day moving average is $0.43 and its two-hundred day moving average is $2.46.

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

About Generation Income Properties

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.