StackIt Storage Inc (NASDAQ:STAK) Sees Significant Growth in Short Interest

StackIt Storage Inc (NASDAQ:STAK) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 1,042,632 shares, an increase of 218.8% from the April 30th total of 327,074 shares. Approximately 7.9% of the company’s stock are short sold. Based on an average trading volume of 5,777,301 shares, the days-to-cover ratio is currently 0.2 days.

StackIt Storage Price Performance

STAK opened at $0.96 on Friday. The firm has a fifty day moving average price of $1.07 and a 200 day moving average price of $0.69. StackIt Storage has a 1 year low of $0.29 and a 1 year high of $3.97. The company has a current ratio of 1.85, a quick ratio of 0.54 and a debt-to-equity ratio of 0.03.

StackIt Storage (NASDAQ:STAK) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.07 EPS for the quarter. The company had revenue of $9.62 million during the quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Weiss Ratings assumed coverage on StackIt Storage in a research report on Wednesday, April 8th. They issued a “sell (d)” rating for the company. Wall Street Zen raised StackIt Storage to a “hold” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About StackIt Storage

Manufactured Housing Properties Inc engages in the administration and management of manufactured housing communities. The firm manufactures home sites to tenants that own manufactured home and the rental of company-owned manufactured homes to residents of the communities. Its communities are located in North Carolina, South Carolina and Tennessee. The company was founded on September 3, 2003 and is headquartered in Pineville, NC.