Genasys Inc. (NASDAQ:GNSS) Short Interest Update

Genasys Inc. (NASDAQ:GNSS) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 724,800 shares, a decrease of 12.1% from the December 15th total of 824,600 shares. Based on an average daily volume of 138,700 shares, the days-to-cover ratio is presently 5.2 days.

Genasys Stock Performance

NASDAQ GNSS traded up $0.03 on Friday, reaching $2.92. 241,696 shares of the stock were exchanged, compared to its average volume of 151,457. The company has a current ratio of 1.86, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68. Genasys has a one year low of $1.51 and a one year high of $4.04. The firm has a market capitalization of $131.20 million, a PE ratio of -4.06 and a beta of 0.59. The company’s 50-day simple moving average is $3.17 and its two-hundred day simple moving average is $3.15.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets lifted their target price on Genasys from $4.75 to $5.50 and gave the company a “buy” rating in a research report on Monday, December 16th.

Insider Activity

In other Genasys news, Director William H. Dodd purchased 16,327 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were acquired at an average price of $2.65 per share, for a total transaction of $43,266.55. Following the purchase, the director now directly owns 59,159 shares of the company’s stock, valued at $156,771.35. The trade was a 38.12 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

Institutional Trading of Genasys

Several institutional investors and hedge funds have recently modified their holdings of GNSS. Barclays PLC purchased a new stake in Genasys in the 3rd quarter worth $70,000. FNY Investment Advisers LLC boosted its stake in shares of Genasys by 251.1% in the fourth quarter. FNY Investment Advisers LLC now owns 272,200 shares of the company’s stock worth $707,000 after acquiring an additional 194,669 shares during the period. Cutter & CO Brokerage Inc. grew its position in shares of Genasys by 12.0% during the third quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock worth $758,000 after purchasing an additional 22,750 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Genasys by 23.1% during the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock worth $1,666,000 after purchasing an additional 87,883 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Genasys by 11.2% during the 3rd quarter. Geode Capital Management LLC now owns 483,882 shares of the company’s stock valued at $1,724,000 after purchasing an additional 48,843 shares during the period. 40.04% of the stock is currently owned by institutional investors.

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.