Generation Income Properties, Inc. (NASDAQ:GIPR) Stock Short Interest Report for September

Generation Income Properties, Inc. (NASDAQ:GIPR) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 126,856 shares, an increase of 178.9% from the September 15th total of 45,482 shares. Based on an average trading volume of 40,075,884 shares, the short-interest ratio is currently 0.0 days. Approximately 7.3% of the company’s stock are sold short.

Generation Income Properties Stock Performance

Shares of NASDAQ GIPR traded down $0.01 during mid-day trading on Monday, hitting $0.40. 678,044 shares of the stock were exchanged, compared to its average volume of 6,867,418. The stock’s fifty day simple moving average is $0.50 and its two-hundred day simple moving average is $1.63. Generation Income Properties has a twelve month low of $0.26 and a twelve month high of $19.90. The company has a market cap of $752,370.00, a P/E ratio of -0.04 and a beta of 0.22.

Generation Income Properties (NASDAQ:GIPR) last announced its 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 firm had revenue of $2.11 million for the quarter, compared to the consensus estimate of $2.11 million.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GIPR. Wall Street Zen raised Generation Income Properties to a “hold” rating in a research note on Saturday, September 19th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Generation Income Properties in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, Generation Income Properties currently has an average rating of “Sell”.

About Generation Income Properties

Generation Income Properties, Inc (NASDAQ:GIPR) is a real estate investment trust (REIT) that acquires, owns and manages income-producing commercial properties. The company focuses primarily on necessity-based retail and other properties that are leased to established tenants, with the goal of generating recurring rental income over the long term.

Its portfolio has included freestanding and shopping-center retail properties, as well as office and other commercial real estate. Generation Income Properties generally seeks properties in locations supported by population growth, established consumer demand and essential services.