StackIt Storage Inc (NASDAQ:STAK) Short Interest Down 43.6% in August

StackIt Storage Inc (NASDAQ:STAK) was the target of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 590,330 shares, a drop of 43.6% from the July 30th total of 1,046,856 shares. Approximately 4.5% of the company’s stock are short sold. Based on an average daily volume of 1,324,444 shares, the days-to-cover ratio is currently 0.4 days.

StackIt Storage Stock Down 3.8%

Shares of NASDAQ:STAK opened at $1.27 on Friday. StackIt Storage has a twelve month low of $0.29 and a twelve month high of $12.00. The stock’s 50 day moving average is $2.63 and its 200-day moving average is $1.96. The company has a quick ratio of 0.54, a current ratio of 1.85 and a debt-to-equity ratio of 0.03.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on STAK. Weiss Ratings reiterated a “sell (d)” rating on shares of StackIt Storage in a report on Monday, July 6th. Wall Street Zen upgraded StackIt Storage to a “hold” rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

About StackIt Storage

Manufactured Housing Properties Inc engages in the administration and management of manufactured housing communities. The firm manufactures home sites to tenants that own manufactured home and the rental of company-owned manufactured homes to residents of the communities. Its communities are located in North Carolina, South Carolina and Tennessee. The company was founded on September 3, 2003 and is headquartered in Pineville, NC.