Short Interest in Genasys Inc. (NASDAQ:GNSS) Increases By 7.7%

Genasys Inc. (NASDAQ:GNSS) saw a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 557,700 shares, an increase of 7.7% from the September 15th total of 517,700 shares. Based on an average daily trading volume, of 91,900 shares, the days-to-cover ratio is currently 6.1 days.

Genasys Stock Performance

Shares of GNSS remained flat at $3.74 during midday trading on Thursday. 103,298 shares of the company’s stock traded hands, compared to its average volume of 91,656. Genasys has a one year low of $1.51 and a one year high of $4.04. The stock’s fifty day moving average price is $3.25 and its 200-day moving average price is $2.55. The company has a market capitalization of $166.79 million, a price-to-earnings ratio of -6.05 and a beta of 0.53. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41.

Genasys (NASDAQ:GNSS) last announced its earnings results on Tuesday, August 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). Genasys had a negative return on equity of 66.93% and a negative net margin of 108.72%. The firm had revenue of $7.17 million during the quarter, compared to analyst estimates of $7.48 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share. On average, analysts expect that Genasys will post -0.57 earnings per share for the current fiscal year.

Insider Transactions at Genasys

In other news, Director Mark Culhane acquired 17,587 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average cost of $2.65 per share, for a total transaction of $46,605.55. Following the transaction, the director now directly owns 37,587 shares in the company, valued at $99,605.55. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.50% of the company’s stock.

Institutional Trading of Genasys

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Genasys by 14.0% during the first quarter. Vanguard Group Inc. now owns 1,932,185 shares of the company’s stock worth $4,579,000 after purchasing an additional 237,871 shares during the period. Commonwealth Equity Services LLC acquired a new stake in shares of Genasys during the second quarter worth approximately $875,000. BOKF NA boosted its holdings in shares of 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 during the period. Finally, Cutter & CO Brokerage Inc. boosted its holdings in shares of Genasys by 57.9% during the second quarter. Cutter & CO Brokerage Inc. now owns 190,250 shares of the company’s stock worth $403,000 after purchasing an additional 69,750 shares during the period. 40.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on GNSS. Ascendiant Capital Markets raised their target price on shares of Genasys from $4.25 to $4.75 and gave the company a “buy” rating in a research note on Monday, August 19th. Northland Securities lifted their price objective on shares of Genasys from $4.50 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, September 12th. Finally, Roth Mkm lifted their price objective 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.

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.