Generation Income Properties, Inc. (NASDAQ:GIPR) Short Interest Down 93.6% in June

Generation Income Properties, Inc. (NASDAQ:GIPR) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 49,953 shares, a drop of 93.6% from the May 31st total of 780,937 shares. Based on an average daily volume of 640,710 shares, the short-interest ratio is presently 0.1 days. Currently, 0.8% of the company’s shares are short sold.

Generation Income Properties Trading Down 2.8%

GIPR stock traded down $0.01 during midday trading on Thursday, hitting $0.18. The company had a trading volume of 2,698,637 shares, compared to its average volume of 2,892,844. Generation Income Properties has a 52 week low of $0.16 and a 52 week high of $1.99. The stock’s 50 day moving average price is $0.26 and its 200 day moving average price is $0.47. The stock has a market cap of $1.15 million, a price-to-earnings ratio of -0.10 and a beta of 0.22.

Generation Income Properties (NASDAQ:GIPR) last issued its earnings results on Friday, May 15th. The company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.66). Generation Income Properties had a negative return on equity of 723.20% and a negative net margin of 102.07%.The firm had revenue of $2.18 million during the quarter, compared to the consensus estimate of $2.46 million.

Hedge Funds Weigh In On Generation Income Properties

A hedge fund recently raised its stake in Generation Income Properties stock. Gator Capital Management LLC lifted its position in shares of Generation Income Properties, Inc. (NASDAQ:GIPR) by 17.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 267,769 shares of the company’s stock after purchasing an additional 39,126 shares during the period. Gator Capital Management LLC owned 4.91% of Generation Income Properties worth $247,000 as of its most recent SEC filing. 20.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Generation Income Properties in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Generation Income Properties Company Profile

Generation Income Properties is a publicly traded real estate investment company that focuses on acquiring and managing single-tenant, net-lease properties across the United States. The company seeks to generate stable, long-term cash flows by structuring sale-leaseback and build-to-suit transactions with investment-grade and middle-market tenants. Its portfolio spans essential industries such as retail, industrial, medical and office, with properties typically under long-term, triple-net leases that shift operating expenses to tenants.

The firm pursues a disciplined acquisition strategy, targeting properties in markets characterized by strong demographic and economic fundamentals.