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

Genasys Inc. (NASDAQ:GNSS) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totalling 724,800 shares, a decline of 12.1% from the December 15th total of 824,600 shares. Based on an average daily trading volume, of 138,700 shares, the short-interest ratio is currently 5.2 days.

Analysts Set New Price Targets

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

Insider Activity

In other Genasys news, Director William H. Dodd bought 16,327 shares of the stock in a transaction dated Wednesday, December 11th. The stock was purchased at an average cost of $2.65 per share, for a total transaction of $43,266.55. Following the completion of the acquisition, the director now 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Genasys

Several institutional investors and hedge funds have recently made changes to their positions in GNSS. FNY Investment Advisers LLC increased its holdings in shares of Genasys by 251.1% in the 4th quarter. FNY Investment Advisers LLC now owns 272,200 shares of the company’s stock worth $707,000 after purchasing an additional 194,669 shares in the last quarter. Geode Capital Management LLC increased its holdings in Genasys by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 483,882 shares of the company’s stock worth $1,724,000 after buying an additional 48,843 shares in the last quarter. Barclays PLC purchased a new position in Genasys in the 3rd quarter worth about $70,000. Sequoia Financial Advisors LLC lifted its stake in 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 acquiring an additional 87,883 shares during the period. Finally, Cutter & CO Brokerage Inc. boosted its holdings in shares of Genasys by 12.0% during the 3rd quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock valued at $758,000 after acquiring an additional 22,750 shares during the last quarter. Institutional investors own 40.04% of the company’s stock.

Genasys Stock Up 1.0 %

NASDAQ:GNSS traded up $0.03 on Friday, reaching $2.92. 241,696 shares of the stock traded hands, compared to its average volume of 151,457. The company’s fifty day simple moving average is $3.17 and its 200 day simple moving average is $3.15. The company has a market capitalization of $131.20 million, a price-to-earnings ratio of -4.06 and a beta of 0.59. Genasys has a 12 month low of $1.51 and a 12 month high of $4.04. The company has a current ratio of 1.86, a quick ratio of 1.34 and a debt-to-equity ratio of 0.68.

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.