Short Interest in Genasys Inc. (NASDAQ:GNSS) Decreases By 56.3%

Genasys Inc. (NASDAQ:GNSS) was the recipient of a large decrease in short interest in May. As of May 15th, there was short interest totaling 307,192 shares, a decrease of 56.3% from the April 30th total of 703,160 shares. Based on an average trading volume of 181,118 shares, the days-to-cover ratio is presently 1.7 days. Approximately 0.7% of the company’s stock are short sold.

Analyst Ratings Changes

GNSS has been the topic of a number of recent analyst reports. Lake Street Capital started coverage on shares of Genasys in a research report on Friday, March 13th. They set a “buy” rating and a $4.00 price target on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Genasys in a research note on Monday, May 11th. Finally, Ascendiant Capital Markets boosted their target price on Genasys from $5.25 to $5.50 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.75.

Hedge Funds Weigh In On Genasys

Several institutional investors and hedge funds have recently bought and sold shares of GNSS. HRT Financial LP purchased a new stake in Genasys in the fourth quarter worth $79,000. XTX Topco Ltd lifted its position in shares of Genasys by 170.6% during the 2nd quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock valued at $89,000 after buying an additional 32,481 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Genasys by 398.4% during the 4th quarter. Marshall Wace LLP now owns 63,961 shares of the company’s stock valued at $138,000 after buying an additional 51,127 shares during the last quarter. Goldman Sachs Group Inc. grew 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 acquiring an additional 46,452 shares during the period. Finally, Jane Street Group LLC grew 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 acquiring an additional 54,461 shares during the period. 40.04% of the stock is owned by institutional investors.

Genasys Stock Up 0.9%

NASDAQ GNSS traded up $0.02 during trading hours on Friday, reaching $2.15. 115,263 shares of the company were exchanged, compared to its average volume of 158,063. The stock has a market capitalization of $97.91 million, a P/E ratio of -12.65 and a beta of 0.66. Genasys has a 1 year low of $1.40 and a 1 year high of $2.70. The business’s 50 day simple moving average is $1.90 and its 200-day simple moving average is $2.03.

Genasys (NASDAQ:GNSS) last released its earnings results on Thursday, May 14th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates 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, sell-side analysts anticipate that Genasys will post 0.04 earnings per share for the current 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.