Short Interest in Generation Income Properties, Inc. (NASDAQ:GIPR) Expands By 8.6%

Generation Income Properties, Inc. (NASDAQ:GIPR) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 26,500 shares, an increase of 8.6% from the May 31st total of 24,400 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 25,200 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analysts Forecast Growth

Separately, Maxim Group reissued a “hold” rating on shares of Generation Income Properties in a research report on Thursday, June 6th.

Generation Income Properties Stock Down 1.5 %

Shares of NASDAQ:GIPR traded down $0.06 during trading hours on Tuesday, hitting $4.01. The company’s stock had a trading volume of 3,817 shares, compared to its average volume of 28,765. Generation Income Properties has a 52 week low of $2.90 and a 52 week high of $4.64. The company has a debt-to-equity ratio of 5.05, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market capitalization of $21.73 million, a price-to-earnings ratio of -1.56 and a beta of -0.09. The firm’s fifty day moving average price is $4.14 and its 200 day moving average price is $3.90.

Generation Income Properties Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Saturday, June 15th were issued a $0.039 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.47 annualized dividend and a dividend yield of 11.67%. Generation Income Properties’s dividend payout ratio is currently -18.29%.

About Generation Income Properties

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.