Short Interest in GMR Solutions Inc. (NYSE:GMRS) Increases By 82.0%

GMR Solutions Inc. (NYSE:GMRS) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 2,457,386 shares, an increase of 82.0% from the July 30th total of 1,349,980 shares. Based on an average trading volume of 961,346 shares, the days-to-cover ratio is currently 2.6 days. Approximately 4.5% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

GMRS has been the subject of a number of research reports. The Goldman Sachs Group set a $30.00 target price on shares of GMR Solutions in a research note on Tuesday, August 18th. UBS Group started coverage on shares of GMR Solutions in a research note on Monday, June 8th. They issued a “buy” rating and a $20.00 price target on the stock. Zacks Research upgraded GMR Solutions to a “hold” rating in a report on Tuesday, June 9th. Needham & Company LLC set a $18.00 price objective on GMR Solutions in a research note on Monday, June 8th. Finally, Weiss Ratings initiated coverage on GMR Solutions in a report on Friday, August 14th. They set a “sell (d)” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.67.

GMR Solutions Stock Performance

GMRS stock opened at $12.48 on Tuesday. GMR Solutions has a one year low of $10.26 and a one year high of $15.98. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 5.50. The stock has a market cap of $674.17 million and a price-to-earnings ratio of -8.00. The firm’s 50 day moving average price is $13.55.

GMR Solutions (NYSE:GMRS) last announced its earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share for the quarter, missing the consensus estimate of $0.38 by ($2.22). The business had revenue of $1.49 billion for the quarter. The business’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts predict that GMR Solutions will post 1.29 EPS for the current fiscal year.

Institutional Trading of GMR Solutions

Several institutional investors have recently added to or reduced their stakes in GMRS. Readystate Asset Management LP purchased a new stake in GMR Solutions in the second quarter valued at approximately $12,936,000. Premier Path Wealth Partners LLC purchased a new position in shares of GMR Solutions during the second quarter worth $348,000. Two Sigma Securities LLC purchased a new position in shares of GMR Solutions during the second quarter worth $169,000. Finally, Alyeska Investment Group L.P. acquired a new stake in shares of GMR Solutions in the second quarter valued at $36,817,000.

GMR Solutions Company Profile

GMR Solutions Inc is a provider of emergency medical services delivering EMS and other essential out-of-hospital care in rural and urban communities. GMR Solutions Inc is based in Lewisville, Texas.