Short Interest in Genasys Inc. (NASDAQ:GNSS) Expands By 10.1%

Genasys Inc. (NASDAQ:GNSS) was the recipient of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 799,000 shares, a growth of 10.1% from the November 15th total of 725,800 shares. Based on an average daily trading volume, of 106,600 shares, the days-to-cover ratio is presently 7.5 days.

Insider Activity at Genasys

In other Genasys news, Director William H. Dodd bought 16,327 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average cost of $2.65 per share, with a total value of $43,266.55. Following the purchase, the director now directly owns 59,159 shares in the company, valued at approximately $156,771.35. This represents a 38.12 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.50% of the company’s stock.

Hedge Funds Weigh In On Genasys

Large investors have recently bought and sold shares of the business. Barclays PLC acquired a new position in shares of Genasys during the 3rd quarter worth about $70,000. Geode Capital Management LLC lifted its stake in Genasys by 11.2% during the third quarter. Geode Capital Management LLC now owns 483,882 shares of the company’s stock worth $1,724,000 after purchasing an additional 48,843 shares during the last quarter. Cutter & CO Brokerage Inc. boosted its holdings in Genasys by 12.0% in the third quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock valued at $758,000 after purchasing an additional 22,750 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Genasys by 23.1% in the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock valued at $1,666,000 after purchasing an additional 87,883 shares during the last quarter. Finally, BOKF NA raised its holdings in Genasys by 103.4% during the second quarter. BOKF NA now owns 172,250 shares of the company’s stock worth $364,000 after purchasing an additional 87,550 shares in the last quarter. Hedge funds and other institutional investors own 40.04% of the company’s stock.

Genasys Trading Down 2.4 %

Shares of NASDAQ:GNSS opened at $2.64 on Tuesday. Genasys has a 52 week low of $1.51 and a 52 week high of $4.04. The company’s 50 day moving average is $3.69 and its two-hundred day moving average is $3.03. The company has a market cap of $117.52 million, a PE ratio of -3.66 and a beta of 0.51. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41.

Analyst Ratings Changes

Several equities analysts have commented on GNSS shares. Roth Mkm boosted their price target on shares of Genasys from $3.50 to $4.50 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Ascendiant Capital Markets boosted their target price on Genasys from $4.75 to $5.50 and gave the stock a “buy” rating in a research note on Monday. Finally, Northland Securities increased their price target on Genasys from $4.50 to $6.00 and gave the company an “outperform” rating in a research report on Thursday, September 12th.

Genasys Company Profile

Genasys Inc engages in the design, development, and commercialization of critical communications hardware and software solutions to alert, inform, and protect people principally in North and South America, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Hardware and Software.