Generation Income Properties, Inc. (NASDAQ:GIPR) Sees Significant Growth in Short Interest

Posted by Tyrone Williams on Jan 29th, 2025

Generation Income Properties, Inc. (NASDAQ:GIPR – Get Free Report) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 16,400 shares, a growth of 100.0% from the December 31st total of 8,200 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 25,500 shares, the days-to-cover ratio is currently 0.6 days.

Generation Income Properties Stock Performance

Shares of GIPR traded down $0.02 during mid-day trading on Wednesday, hitting $1.80. 3,975 shares of the company’s stock were exchanged, compared to its average volume of 20,839. Generation Income Properties has a 52 week low of $1.50 and a 52 week high of $4.64. The stock’s 50-day simple moving average is $1.80 and its 200-day simple moving average is $2.12. The firm has a market cap of $9.73 million, a price-to-earnings ratio of -0.72 and a beta of -0.10. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 9.72.

Institutional Trading of Generation Income Properties

A hedge fund recently bought a new stake in Generation Income Properties stock. Renaissance Technologies LLC bought a new stake in Generation Income Properties, Inc. (NASDAQ:GIPR – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,600 shares of the company’s stock, valued at approximately $117,000. Renaissance Technologies LLC owned approximately 0.53% of Generation Income Properties at the end of the most recent reporting period. Hedge funds and other institutional investors own 20.72% of the company’s stock.

About Generation Income Properties

(Get Free Report)

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.