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

Generation Income Properties, Inc. (NASDAQ:GIPR) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 7,700 shares, an increase of 6.9% from the October 15th total of 7,200 shares. Based on an average trading volume of 11,200 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.4% of the company’s stock are short sold.

Generation Income Properties Stock Up 0.7 %

Generation Income Properties stock opened at $4.03 on Friday. Generation Income Properties has a 1-year low of $3.51 and a 1-year high of $6.19. The firm has a market capitalization of $10.55 million, a price-to-earnings ratio of -2.06 and a beta of -0.26. The firm’s fifty day moving average price is $3.97 and its two-hundred day moving average price is $4.01. The company has a current ratio of 2.46, a quick ratio of 3.11 and a debt-to-equity ratio of 9.57.

Generation Income Properties Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be issued a $0.039 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.47 annualized dividend and a dividend yield of 11.62%. Generation Income Properties’s dividend payout ratio is currently -24.10%.

Generation Income Properties Company Profile

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.