Short Interest in Generation Income Properties, Inc. (NASDAQ:GIPR) Rises By 966.7%

Generation Income Properties, Inc. (NASDAQ:GIPR) was the recipient of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 9,600 shares, a growth of 966.7% from the November 15th total of 900 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 24,700 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of Generation Income Properties

A hedge fund recently bought a new stake in Generation Income Properties stock. Renaissance Technologies LLC purchased a new stake in Generation Income Properties, Inc. (NASDAQ:GIPR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 28,600 shares of the company’s stock, valued at approximately $117,000. Renaissance Technologies LLC owned about 0.53% of Generation Income Properties as of its most recent SEC filing. Hedge funds and other institutional investors own 20.72% of the company’s stock.

Generation Income Properties Trading Down 1.6 %

NASDAQ GIPR opened at $1.82 on Friday. The business’s fifty day simple moving average is $1.93 and its 200-day simple moving average is $2.69. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 9.72. Generation Income Properties has a 52 week low of $1.72 and a 52 week high of $4.64.

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.