Genasys Inc. (NASDAQ:GNSS) Short Interest Update
by Tristan Rich · The Markets DailyGenasys Inc. (NASDAQ:GNSS – Get Free Report) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 637,684 shares, an increase of 107.6% from the May 14th total of 307,192 shares. Based on an average daily volume of 135,832 shares, the short-interest ratio is presently 4.7 days. Currently, 1.5% of the company’s shares are short sold.
Genasys Stock Up 1.0%
Shares of NASDAQ:GNSS traded up $0.02 during midday trading on Friday, reaching $1.93. The company’s stock had a trading volume of 142,400 shares, compared to its average volume of 158,945. The firm has a market capitalization of $87.89 million, a PE ratio of -11.35 and a beta of 0.70. Genasys has a twelve month low of $1.40 and a twelve month high of $2.70. The stock has a fifty day moving average of $1.92 and a 200 day moving average of $2.01.
Genasys (NASDAQ:GNSS – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The firm had revenue of $15.51 million for the quarter, compared to analyst estimates of $15.20 million. Genasys had a negative net margin of 13.44% and a negative return on equity of 314.53%. Sell-side analysts anticipate that Genasys will post 0.04 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Genasys
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Aristides Capital LLC lifted its holdings in Genasys by 8.8% during the first quarter. Aristides Capital LLC now owns 122,655 shares of the company’s stock valued at $223,000 after purchasing an additional 9,900 shares in the last quarter. Prospera Financial Services Inc increased its position in shares of Genasys by 8.7% during the third quarter. Prospera Financial Services Inc now owns 246,150 shares of the company’s stock valued at $603,000 after acquiring an additional 19,750 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of Genasys by 2.7% during the third quarter. Pacific Ridge Capital Partners LLC now owns 1,136,349 shares of the company’s stock valued at $2,784,000 after acquiring an additional 29,714 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Genasys by 36.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 119,815 shares of the company’s stock valued at $257,000 after acquiring an additional 31,750 shares during the last quarter. Finally, XTX Topco Ltd increased its position in shares of Genasys by 170.6% during the second quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock valued at $89,000 after acquiring an additional 32,481 shares during the last quarter. 40.04% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
GNSS has been the topic of a number of research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Genasys in a research note on Monday, May 11th. Ascendiant Capital Markets boosted their price target on shares of Genasys from $5.50 to $6.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Finally, Lake Street Capital started coverage on shares of Genasys in a research note on Friday, March 13th. They set a “buy” rating and a $4.00 price objective for the company. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.00.
Read Our Latest Research Report on GNSS
Genasys Company Profile
Genasys, Inc (NASDAQ: GNSS) specializes in mission-critical communications and emergency mass notification solutions designed to keep organizations and communities connected during high-stress events. The company’s core offerings include a multi-channel alerting platform that integrates SMS, email, voice, sirens, public address systems and social media outlets. By combining hardware and cloud-based software, Genasys delivers robust, scalable systems that can push targeted warnings and status updates to millions of recipients in seconds.
In addition to its flagship Smart Mass Notification System, Genasys provides hardened private LTE networks, satellite communications terminals and interoperable radio systems tailored for government agencies, defense customers, utilities, energy producers and remote industrial operations.