GMR Solutions Inc. (NYSE:GMRS) Sees Significant Increase in Short Interest

GMR Solutions Inc. (NYSE:GMRS) saw a large increase in short interest in May. As of May 29th, there was short interest totaling 865,113 shares, an increase of 93.1% from the May 14th total of 447,916 shares. Currently, 1.6% of the company’s shares are sold short. Based on an average daily trading volume, of 1,209,153 shares, the days-to-cover ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GMRS shares. Needham & Company LLC set a $18.00 target price on GMR Solutions in a report on Monday, June 8th. Barclays initiated coverage on GMR Solutions in a research note on Monday, June 8th. They issued an “overweight” rating and a $16.00 price target on the stock. Zacks Research raised GMR Solutions to a “hold” rating in a research note on Tuesday, June 9th. UBS Group initiated coverage on GMR Solutions in a research note on Monday, June 8th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Wall Street Zen raised GMR Solutions to a “hold” rating in a research note on Saturday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, GMR Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $19.22.

GMR Solutions Stock Down 3.9%

Shares of GMR Solutions stock traded down $0.50 during trading hours on Friday, hitting $12.41. The company’s stock had a trading volume of 579,998 shares, compared to its average volume of 1,080,704. GMR Solutions has a twelve month low of $10.26 and a twelve month high of $15.00.

GMR Solutions (NYSE:GMRS) last announced its quarterly earnings results on Monday, June 1st. The company reported $999.00 EPS for the quarter. The business had revenue of $1.46 billion during the quarter.