Short Interest in Genasys Inc. (NASDAQ:GNSS) Grows By 107.6%

Genasys Inc. (NASDAQ:GNSS) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 637,684 shares, an increase of 107.6% from the May 14th total of 307,192 shares. Based on an average daily trading volume, of 135,832 shares, the short-interest ratio is currently 4.7 days. Approximately 1.5% of the company’s stock are sold short.

Hedge Funds Weigh In On Genasys

Large investors have recently bought and sold shares of the company. HRT Financial LP purchased a new position in Genasys during the 4th quarter worth $79,000. XTX Topco Ltd raised its stake in shares of Genasys by 170.6% during the 2nd quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock worth $89,000 after buying an additional 32,481 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Genasys by 398.4% during the 4th quarter. Marshall Wace LLP now owns 63,961 shares of the company’s stock worth $138,000 after buying an additional 51,127 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Genasys by 114.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock worth $198,000 after buying an additional 46,452 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Genasys by 126.2% during the 1st quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock worth $222,000 after buying an additional 54,461 shares in the last quarter. Hedge funds and other institutional investors own 40.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Lake Street Capital assumed coverage on shares of Genasys in a report on Friday, March 13th. They issued a “buy” rating and a $4.00 target price for the company. Weiss Ratings restated a “sell (e+)” rating on shares of Genasys in a report on Monday, May 11th. Finally, Ascendiant Capital Markets upped their target price on shares of Genasys from $5.50 to $6.00 and gave the company a “buy” rating in a report on Tuesday, June 2nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $5.00.

Genasys Trading Down 0.5%

GNSS stock traded down $0.01 on Monday, hitting $1.92. The company’s stock had a trading volume of 31,593 shares, compared to its average volume of 143,036. The firm has a 50 day moving average of $1.92 and a two-hundred day moving average of $2.01. Genasys has a 1 year low of $1.40 and a 1 year high of $2.70. The stock has a market cap of $87.44 million, a price-to-earnings ratio of -11.29 and a beta of 0.70.

Genasys (NASDAQ:GNSS) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.05. Genasys had a negative net margin of 13.44% and a negative return on equity of 314.53%. The firm had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.20 million. As a group, equities analysts forecast that Genasys will post 0.04 EPS for the current fiscal year.

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.