Genasys Inc. (NASDAQ:GNSS) Sees Large Growth in Short Interest

Genasys Inc. (NASDAQ:GNSS) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 844,800 shares, an increase of 7.0% from the January 15th total of 789,300 shares. Based on an average daily trading volume, of 149,600 shares, the short-interest ratio is currently 5.6 days.

Genasys Trading Up 3.0 %

Shares of NASDAQ GNSS traded up $0.10 during trading hours on Tuesday, hitting $3.48. The company’s stock had a trading volume of 276,837 shares, compared to its average volume of 173,788. Genasys has a 12 month low of $1.65 and a 12 month high of $4.04. The stock has a market cap of $156.36 million, a price-to-earnings ratio of -4.83 and a beta of 0.62. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.34 and a current ratio of 1.86. The business has a 50-day simple moving average of $2.87 and a 200-day simple moving average of $3.24.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings data on Tuesday, February 11th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.07. Genasys had a negative return on equity of 104.49% and a negative net margin of 132.16%. On average, analysts anticipate that Genasys will post -0.27 earnings per share for the current fiscal year.

Insider Buying and Selling at Genasys

In related news, Director William H. Dodd purchased 16,327 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were acquired at an average cost of $2.65 per share, with a total value of $43,266.55. Following the purchase, the director now directly owns 59,159 shares of the company’s stock, valued at approximately $156,771.35. This trade represents a 38.12 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 7.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GNSS. Sequoia Financial Advisors LLC boosted its stake in shares of Genasys by 23.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock valued at $1,666,000 after purchasing an additional 87,883 shares in the last quarter. Cutter & CO Brokerage Inc. raised its position in shares of Genasys by 12.0% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock worth $758,000 after acquiring an additional 22,750 shares in the last quarter. Barclays PLC bought a new position in shares of Genasys in the 3rd quarter worth approximately $70,000. Geode Capital Management LLC lifted its stake in shares of Genasys by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 483,882 shares of the company’s stock valued at $1,724,000 after purchasing an additional 48,843 shares during the period. Finally, FNY Investment Advisers LLC boosted its position in shares of Genasys by 251.1% during the fourth quarter. FNY Investment Advisers LLC now owns 272,200 shares of the company’s stock valued at $707,000 after purchasing an additional 194,669 shares in the last quarter. 40.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets lifted their target price on shares of Genasys from $4.75 to $5.50 and gave the stock a “buy” rating in a research note on Monday, December 16th.

About Genasys

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.