Generation Income Properties, Inc. (NASDAQ:GIPR – Get Free Report) was the target of a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 5,900 shares, a drop of 47.3% from the February 28th total of 11,200 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 25,900 shares, the days-to-cover ratio is presently 0.2 days.
Generation Income Properties Trading Down 0.6 %
GIPR stock traded down $0.01 during midday trading on Friday, hitting $1.61. The company had a trading volume of 11,374 shares, compared to its average volume of 27,774. The stock has a market cap of $8.73 million, a price-to-earnings ratio of -0.64 and a beta of -0.11. Generation Income Properties has a 52 week low of $1.50 and a 52 week high of $4.64. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 9.72. The stock’s 50 day moving average price is $1.70 and its 200 day moving average price is $1.85.
Institutional Investors Weigh In On Generation Income Properties
A hedge fund recently bought a new stake in Generation Income Properties stock. Gator Capital Management LLC acquired a new position in Generation Income Properties, Inc. (NASDAQ:GIPR – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 86,024 shares of the company’s stock, valued at approximately $157,000. Gator Capital Management LLC owned approximately 1.59% of Generation Income Properties at the end of the most recent quarter. 20.72% of the stock is owned by institutional investors and hedge funds.
Generation Income Properties Company Profile
Generation Income Properties, Inc, located in Tampa, Florida, is an internally managed real estate investment trust formed to acquire and own, directly and jointly, real estate investments focused on retail, office, and industrial net lease properties in densely populated submarkets.
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