Genasys Inc. (NASDAQ:GNSS) Short Interest Update

Genasys Inc. (NASDAQ:GNSS) was the target of a significant decline in short interest in May. As of May 15th, there was short interest totaling 307,192 shares, a decline of 56.3% from the April 30th total of 703,160 shares. Based on an average daily volume of 181,118 shares, the short-interest ratio is currently 1.7 days. Approximately 0.7% of the shares of the stock are sold short.

Genasys Price Performance

GNSS traded down $0.07 during trading on Tuesday, hitting $2.04. 182,731 shares of the stock traded hands, compared to its average volume of 161,128. The business has a 50 day moving average price of $1.90 and a 200 day moving average price of $2.02. The company has a market cap of $92.86 million, a price-to-earnings ratio of -12.59 and a beta of 0.66. Genasys has a twelve month low of $1.40 and a twelve month high of $2.70.

Genasys (NASDAQ:GNSS) last posted its earnings results 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 analysts’ expectations of $15.20 million. Genasys had a negative net margin of 13.44% and a negative return on equity of 314.53%. On average, equities research analysts predict that Genasys will post 0.04 earnings per share for the current year.

Analyst Ratings Changes

GNSS has been the subject of several research analyst reports. Ascendiant Capital Markets boosted their price objective on shares of Genasys from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Tuesday. Weiss Ratings restated a “sell (e+)” rating on shares of Genasys in a research report on Monday, May 11th. Finally, Lake Street Capital initiated coverage on shares of Genasys in a research report on Friday, March 13th. They set a “buy” rating and a $4.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.00.

Institutional Trading of Genasys

A number of hedge funds and other institutional investors have recently modified their holdings of GNSS. HRT Financial LP bought a new stake in shares of Genasys during the fourth quarter worth $79,000. XTX Topco Ltd grew its stake in shares of Genasys by 170.6% during the second quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock worth $89,000 after buying an additional 32,481 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Genasys by 398.4% in the fourth quarter. Marshall Wace LLP now owns 63,961 shares of the company’s stock worth $138,000 after purchasing an additional 51,127 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Genasys by 114.0% in the first quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock worth $198,000 after purchasing an additional 46,452 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Genasys by 126.2% in the first quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock worth $222,000 after purchasing an additional 54,461 shares during the last quarter. Institutional investors own 40.04% of the company’s stock.

About Genasys

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.