Genasys Inc. (NASDAQ:GNSS) Short Interest Up 8.2% in July

Genasys Inc. (NASDAQ:GNSS) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totalling 290,700 shares, a growth of 8.2% from the June 30th total of 268,600 shares. Based on an average daily trading volume, of 81,200 shares, the short-interest ratio is presently 3.6 days.

Genasys Trading Down 2.4 %

GNSS traded down $0.06 on Tuesday, reaching $2.49. The company had a trading volume of 52,770 shares, compared to its average volume of 86,637. The company has a fifty day moving average of $2.16 and a 200-day moving average of $2.04. The company has a market capitalization of $111.05 million, a P/E ratio of -4.02 and a beta of 0.53. Genasys has a one year low of $1.51 and a one year high of $3.92.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.16) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.04). Genasys had a negative net margin of 71.72% and a negative return on equity of 46.55%. The business had revenue of $5.74 million during the quarter, compared to analyst estimates of $7.05 million. During the same period in the previous year, the company posted ($0.09) earnings per share. Research analysts predict that Genasys will post -0.56 EPS for the current year.

Institutional Investors Weigh In On Genasys

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Sequoia Financial Advisors LLC lifted its holdings in Genasys by 2.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 380,000 shares of the company’s stock valued at $771,000 after acquiring an additional 10,000 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Genasys by 49.4% in the 4th quarter. Victory Capital Management Inc. now owns 30,885 shares of the company’s stock valued at $63,000 after acquiring an additional 10,212 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Genasys by 2.4% in the 4th quarter. Russell Investments Group Ltd. now owns 446,806 shares of the company’s stock valued at $907,000 after acquiring an additional 10,419 shares during the last quarter. Cutter & CO Brokerage Inc. lifted its holdings in Genasys by 64.4% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 52,600 shares of the company’s stock valued at $107,000 after acquiring an additional 20,600 shares during the last quarter. Finally, BOKF NA lifted its holdings in Genasys by 54.8% in the 1st quarter. BOKF NA now owns 84,700 shares of the company’s stock valued at $197,000 after acquiring an additional 30,000 shares during the last quarter. 40.04% of the stock is owned by institutional investors and hedge funds.

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.