Genasys Inc. (NASDAQ:GNSS) Short Interest Update

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

Genasys Stock Performance

Genasys stock traded up $0.02 during trading hours on Friday, reaching $1.93. 142,400 shares of the stock were exchanged, compared to its average volume of 158,945. The stock has a market cap of $87.89 million, a P/E ratio of -11.35 and a beta of 0.70. Genasys has a 52-week low of $1.40 and a 52-week high of $2.70. The firm’s 50 day moving average is $1.92 and its 200 day moving average is $2.01.

Genasys (NASDAQ:GNSS) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. The company had revenue of $15.51 million during the quarter, compared to the consensus estimate of $15.20 million. Genasys had a negative net margin of 13.44% and a negative return on equity of 314.53%. Equities research analysts expect that Genasys will post 0.04 EPS for the current fiscal year.

Hedge Funds Weigh In On Genasys

A number of large investors have recently bought and sold shares of GNSS. HRT Financial LP purchased a new position in shares of Genasys in the 4th quarter valued at about $79,000. XTX Topco Ltd increased its holdings in shares of Genasys by 170.6% in the 2nd quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock valued at $89,000 after purchasing an additional 32,481 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Genasys by 398.4% in the 4th quarter. Marshall Wace LLP now owns 63,961 shares of the company’s stock valued at $138,000 after purchasing an additional 51,127 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Genasys by 114.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock valued at $198,000 after purchasing an additional 46,452 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Genasys by 126.2% in the 1st quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock valued at $222,000 after purchasing 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 commented on GNSS shares. Ascendiant Capital Markets boosted their price target on shares of Genasys from $5.50 to $6.00 and gave the stock a “buy” rating in a report on Tuesday, June 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Genasys in a research report on Monday, May 11th. Finally, Lake Street Capital started coverage on shares of Genasys in a research report on Friday, March 13th. They issued a “buy” rating and a $4.00 price target for the company. 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.com, Genasys currently has an average rating of “Hold” and an average target price of $5.00.

Genasys Company Profile

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.