Days-to-cover ratio for IIPR declines to 6.27 due to decline in short interest

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Innovative Industrial Properties Inc shares valued at $536,109 were sold by Stecher David on Mar 03 ’25. At $70.55 per share, Stecher David sold 7,599 shares. The insider’s holdings dropped to 1,346 shares worth approximately $62050.6 following the completion of this transaction.

Also, Stecher David purchased 7,599 shares, netting a total of over 550,928 in proceeds.

As published in a research note from Wolfe Research on July 02, 2025, Innovative Industrial Properties Inc [IIPR] has been rated down from an Outperform to a Peer perform. As of March 31, 2025, Compass Point has decreased its “Neutral” rating to a “Sell” for IIPR. Earlier on December 23, 2024, BTIG Research downgraded its rating. Their new recommendation was “a Neutral” for IIPR stock which previously was a “a Buy”.

Analyzing IIPR Stock Performance

On last trading session, Innovative Industrial Properties Inc [NYSE: IIPR] plunged -10.69% to $46.1. The stock’s lowest price that day was $45.74, but it reached a high of $50.0 in the same session. During the last five days, there has been a drop of approximately -10.83%. Over the course of the year, Innovative Industrial Properties Inc shares have dropped approximately -59.26%.

Is Innovative Industrial Properties Inc subject to short interest?

Stocks of Innovative Industrial Properties Inc saw a sharp steep in short interest on 2025-07-15 dropping by 18980.0 shares to 1.77 million. Data from Yahoo Finance shows that the short interest on 2025-06-13 was 1.79 million shares. A decline of -1.07% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.27 of the overall float, the days-to-cover ratio (short ratio) decline to 6.27.

Which companies own the most shares of Innovative Industrial Properties Inc (IIPR)?

In terms of Innovative Industrial Properties Inc share price expectations, FactSet research, analysts set an average price target of 52.5 in the next 12 months, up nearly 1.7% from the previous closing price of $51.62. Analysts anticipate Innovative Industrial Properties Inc stock to reach 60 by 2025, with the lowest price target being 45. In spite of this, 5 analysts ranked Innovative Industrial Properties Inc stock as Hold at the end of 2025. On December 20, 2024, Piper Sandler assigned a price target of “an Underweight” to the stock and downgraded coverage with a $70.

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