Generation Income Properties, Inc. (NASDAQ:GIPR) Stock Short Interest Rises 127.5%

Generation Income Properties, Inc. (NASDAQ:GIPR – Get Free Report) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 288,545 shares, an increase of 127.5% from the September 30th total of 126,856 shares. Approximately 16.5% of the company’s shares are sold short. Based on an average trading volume of 28,882,510 shares, the short-interest ratio is presently 0.0 days.

Generation Income Properties Stock Down 8.8%

Shares of GIPR stock traded down $0.03 during mid-day trading on Friday, reaching $0.30. 225,146 shares of the company’s stock traded hands, compared to its average volume of 8,948,538. The company’s 50-day moving average price is $0.43 and its 200-day moving average price is $2.46. The company has a market cap of $550,669.90, a P/E ratio of -0.03 and a beta of 0.22. Generation Income Properties has a 12 month low of $0.26 and a 12 month high of $13.60.

Generation Income Properties (NASDAQ:GIPR – Get Free Report) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($3.17). The company had revenue of $2.11 million for the quarter, compared to the consensus estimate of $2.11 million.

Analyst Upgrades and Downgrades

GIPR has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of Generation Income Properties to a “hold” rating in a report on Saturday, September 19th. Weiss Ratings restated a “sell (e+)” rating on shares of Generation Income Properties in a report on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.

Read Our Latest Stock Analysis on GIPR

About Generation Income Properties

(Get Free Report)

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.

See Also

Receive News & Ratings for Generation Income Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Generation Income Properties and related companies with MarketBeat.com's FREE daily email newsletter.