Generation Income Properties, Inc. (NASDAQ:GIPR) Shares Shorted: Short Interest Down 72.9% in September

Generation Income Properties, Inc. (NASDAQ:GIPR) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 45,482 shares, a decrease of 72.9% from the August 31st total of 167,567 shares. Approximately 2.6% of the shares of the company are sold short. Based on an average trading volume of 15,061,750 shares, the short-interest ratio is presently 0.0 days.

Generation Income Properties Trading Down 19.7%

NASDAQ:GIPR opened at $0.43 on Friday. The company has a market cap of $799,800.00, a price-to-earnings ratio of -0.04 and a beta of 0.23. Generation Income Properties has a twelve month low of $0.26 and a twelve month high of $19.90. The stock has a fifty day simple moving average of $0.57 and a 200-day simple moving average of $1.87.

Generation Income Properties (NASDAQ:GIPR) last issued its earnings results on Friday, August 14th. The company reported ($0.77) EPS for the quarter, missing analysts’ consensus estimates of $2.40 by ($3.17). The business had revenue of $2.11 million for the quarter, compared to analyst estimates of $2.11 million.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GIPR shares. Weiss Ratings restated a “sell (e+)” rating on shares of Generation Income Properties in a research note on Friday, July 17th. Wall Street Zen upgraded Generation Income Properties to a “hold” rating in a research report on Saturday, September 19th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Generation Income Properties Company Profile

Generation Income Properties, Inc (NASDAQ: GIPR) is a real estate investment trust focused on acquiring, owning and managing income-producing commercial properties. The company generally targets properties that are leased to tenants operating businesses considered essential to their local communities.

Its portfolio may include retail, office and industrial properties, with an emphasis on single-tenant or other commercial assets leased under arrangements that require tenants to pay some or all property-related expenses.