Generation Income Properties, Inc. (NASDAQ:GIPR – Get Free Report) was the recipient of a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 5,900 shares, a decline of 47.3% from the February 28th total of 11,200 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 25,900 shares, the days-to-cover ratio is presently 0.2 days.
Generation Income Properties Stock Performance
GIPR stock traded down $0.01 during midday trading on Friday, reaching $1.61. The stock had a trading volume of 11,374 shares, compared to its average volume of 27,774. The firm has a fifty day simple moving average of $1.70 and a two-hundred day simple moving average of $1.85. Generation Income Properties has a 52-week low of $1.50 and a 52-week high of $4.64. The company has a debt-to-equity ratio of 9.72, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $8.73 million, a PE ratio of -0.64 and a beta of -0.11.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Generation Income Properties stock. Gator Capital Management LLC purchased a new position in Generation Income Properties, Inc. (NASDAQ:GIPR – Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 86,024 shares of the company’s stock, valued at approximately $157,000. Gator Capital Management LLC owned 1.59% of Generation Income Properties at the end of the most recent quarter. 20.72% of the stock is currently 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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