GSE Systems, Inc. (NASDAQ:GVP) Sees Significant Growth in Short Interest

GSE Systems, Inc. (NASDAQ:GVP) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 36,600 shares, a growth of 27.5% from the September 30th total of 28,700 shares. Based on an average daily volume of 134,300 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.5% of the shares of the stock are sold short.

GSE Systems Price Performance

GVP opened at $4.59 on Wednesday. The firm has a market capitalization of $15.94 million, a P/E ratio of -1.81 and a beta of 1.38. GSE Systems has a one year low of $1.21 and a one year high of $5.38. The company has a fifty day moving average price of $4.14 and a 200-day moving average price of $3.66.

GSE Systems (NASDAQ:GVP) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $11.73 million for the quarter. GSE Systems had a negative net margin of 15.90% and a negative return on equity of 160.01%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GSE Systems stock. Joel Isaacson & Co. LLC raised its stake in shares of GSE Systems, Inc. (NASDAQ:GVP) by 96.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,780 shares of the company’s stock after purchasing an additional 13,609 shares during the quarter. Joel Isaacson & Co. LLC owned 0.86% of GSE Systems worth $113,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 21.78% of the company’s stock.

About GSE Systems

GSE Systems, Inc engages in the provision of professional and technical engineering services, staffing services, and simulation software to clients in the power and process industries in the United States, Asia, Europe, and internationally. It operates in two segments: Engineering and Workforce Solutions.