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

StackIt Storage Inc (NASDAQ:STAK – Get Free Report) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 1,046,856 shares, a growth of 126.4% from the July 15th total of 462,373 shares. Approximately 7.9% of the company’s stock are short sold. Based on an average daily trading volume, of 17,288,650 shares, the days-to-cover ratio is presently 0.1 days.

StackIt Storage Price Performance

NASDAQ:STAK opened at $1.76 on Friday. StackIt Storage has a 1-year low of $0.29 and a 1-year high of $12.00. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.85 and a quick ratio of 0.54. The firm has a fifty day simple moving average of $3.62 and a 200 day simple moving average of $1.89.

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StackIt Storage (NASDAQ:STAK – Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $9.62 million for the quarter.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on STAK. Weiss Ratings restated a “sell (d)” rating on shares of StackIt Storage in a report on Monday, July 6th. Wall Street Zen raised shares of StackIt Storage to a “hold” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock 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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