Generation Income Properties, Inc. (NASDAQ:GIPR) Sees Large Increase in Short Interest

Generation Income Properties, Inc. (NASDAQ:GIPR) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 16,400 shares, a growth of 100.0% from the December 15th total of 8,200 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 25,500 shares, the short-interest ratio is currently 0.6 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Generation Income Properties stock. Renaissance Technologies LLC purchased a new stake in shares of Generation Income Properties, Inc. (NASDAQ:GIPR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,600 shares of the company’s stock, valued at approximately $117,000. Renaissance Technologies LLC owned about 0.53% of Generation Income Properties at the end of the most recent quarter. Institutional investors and hedge funds own 20.72% of the company’s stock.

Generation Income Properties Stock Performance

NASDAQ:GIPR traded up $0.01 during mid-day trading on Thursday, hitting $1.71. 7,157 shares of the company traded hands, compared to its average volume of 27,306. The stock’s fifty day moving average price is $1.82 and its 200-day moving average price is $2.27. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 9.72. Generation Income Properties has a one year low of $1.50 and a one year high of $4.64. The firm has a market cap of $9.24 million, a price-to-earnings ratio of -0.68 and a beta of -0.10.

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.