Generation Income Properties, Inc. (NASDAQ:GIPR – Get Free Report) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 16,400 shares, an increase of 100.0% from the December 15th total of 8,200 shares. Based on an average daily trading volume, of 25,500 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the shares of the stock are sold short.
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 disclosure with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 20.72% of the company’s stock.
Generation Income Properties Price Performance
Shares of Generation Income Properties stock remained flat at $1.68 on Tuesday. 15,221 shares of the company traded hands, compared to its average volume of 31,390. The stock has a market cap of $9.11 million, a P/E ratio of -0.67 and a beta of -0.10. Generation Income Properties has a 1-year low of $1.50 and a 1-year high of $4.64. The business has a 50-day moving average of $1.83 and a two-hundred day moving average of $2.27. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 9.72.
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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