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

StackIt Storage Inc (NASDAQ:STAKGet Free Report) saw a large growth in short interest in the month of 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. Approximately 7.9% of the shares of the company are sold short. Based on an average daily volume of 5,777,301 shares, the short-interest ratio is presently 0.2 days.

StackIt Storage Stock Performance

Shares of NASDAQ:STAK opened at $0.96 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 0.54. StackIt Storage has a 52-week low of $0.29 and a 52-week high of $3.97. The business’s 50 day moving average is $1.07 and its 200 day moving average is $0.69.

StackIt Storage (NASDAQ:STAKGet Free Report) last announced its earnings results 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 Analysts Forecast Growth

STAK has been the subject of a number of recent analyst reports. Weiss Ratings started coverage on StackIt Storage in a research report on Wednesday, April 8th. They set a “sell (d)” rating for the company. Wall Street Zen raised StackIt Storage to a “hold” rating in a report on Saturday, May 2nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

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About StackIt Storage

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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.

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