GMR Solutions Inc. (NYSE:GMRS) Short Interest Update

GMR Solutions Inc. (NYSE:GMRS) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 2,457,386 shares, a growth of 82.0% from the July 30th total of 1,349,980 shares. Approximately 4.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 961,346 shares, the days-to-cover ratio is presently 2.6 days.

GMR Solutions Price Performance

NYSE GMRS traded up $0.11 during trading on Friday, reaching $12.68. The company’s stock had a trading volume of 261,413 shares, compared to its average volume of 797,963. The stock has a fifty day moving average of $13.59. GMR Solutions has a one year low of $10.26 and a one year high of $15.98. The company has a market capitalization of $685.00 million and a PE ratio of -8.13. The company has a debt-to-equity ratio of 5.50, a current ratio of 2.01 and a quick ratio of 2.01.

GMR Solutions (NYSE:GMRS) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($2.22). The firm had revenue of $1.49 billion during the quarter. The company’s quarterly revenue was up 3.3% on a year-over-year basis. Research analysts expect that GMR Solutions will post 1.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On GMR Solutions

Several hedge funds have recently bought and sold shares of GMRS. Readystate Asset Management LP bought a new stake in GMR Solutions during the second quarter valued at approximately $12,936,000. Premier Path Wealth Partners LLC bought a new position in shares of GMR Solutions in the 2nd quarter worth $348,000. Two Sigma Securities LLC purchased a new stake in shares of GMR Solutions during the 2nd quarter valued at $169,000. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of GMR Solutions during the 2nd quarter valued at $36,817,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup assumed coverage on GMR Solutions in a research report on Sunday, June 7th. They set a “buy” rating and a $17.00 price target on the stock. Wall Street Zen raised shares of GMR Solutions to a “hold” rating in a research note on Saturday, May 23rd. Morgan Stanley began coverage on shares of GMR Solutions in a report on Monday, June 8th. They set an “equal weight” rating and a $14.00 target price on the stock. JPMorgan Chase & Co. started coverage on shares of GMR Solutions in a research note on Monday, June 8th. They issued an “overweight” rating and a $15.00 target price on the stock. Finally, UBS Group assumed coverage on shares of GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $20.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, GMR Solutions presently has an average rating of “Moderate Buy” and an average price target of $18.67.

About GMR Solutions

GMR Solutions Inc is a provider of emergency medical services delivering EMS and other essential out-of-hospital care in rural and urban communities. GMR Solutions Inc is based in Lewisville, Texas.