Generation Income Properties, Inc. (NASDAQ:GIPR – Get Free Report) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 9,600 shares, an increase of 966.7% from the November 15th total of 900 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 24,700 shares, the days-to-cover ratio is presently 0.4 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Generation Income Properties stock. Renaissance Technologies LLC acquired a new position in shares of Generation Income Properties, Inc. (NASDAQ:GIPR – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,600 shares of the company’s stock, valued at approximately $117,000. Renaissance Technologies LLC owned 0.53% of Generation Income Properties at the end of the most recent reporting period. 20.72% of the stock is owned by institutional investors and hedge funds.
Generation Income Properties Stock Performance
NASDAQ GIPR traded down $0.08 on Wednesday, reaching $1.85. The stock had a trading volume of 32,609 shares, compared to its average volume of 29,815. The company has a debt-to-equity ratio of 9.72, a quick ratio of 0.81 and a current ratio of 0.81. Generation Income Properties has a 12-month low of $1.72 and a 12-month high of $4.64. The business’s 50-day moving average price is $1.94 and its 200 day moving average price is $2.70. The stock has a market cap of $10.03 million, a P/E ratio of -0.77 and a beta of -0.11.
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.
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