GMR Solutions Inc. (NYSE:GMRS) Short Interest Down 37.6% in July

GMR Solutions Inc. (NYSE:GMRS) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 973,506 shares, a drop of 37.6% from the June 30th total of 1,560,500 shares. Based on an average daily volume of 737,481 shares, the short-interest ratio is presently 1.3 days. Approximately 1.8% of the shares of the stock are sold short.

GMR Solutions Stock Performance

Shares of GMRS stock traded up $0.24 on Friday, hitting $12.76. The company had a trading volume of 253,632 shares, compared to its average volume of 848,776. The stock has a market cap of $689.19 million and a price-to-earnings ratio of 45.57. GMR Solutions has a twelve month low of $10.26 and a twelve month high of $15.98. The company’s 50-day moving average price is $13.10.

GMR Solutions (NYSE:GMRS) last posted its quarterly earnings data on Monday, June 1st. The company reported $0.28 EPS for the quarter. The firm had revenue of $1.46 billion during the quarter.

Analysts Set New Price Targets

GMRS has been the subject of several recent analyst reports. Morgan Stanley began coverage on GMR Solutions in a research report on Monday, June 8th. They set an “equal weight” rating and a $14.00 price objective for the company. Zacks Research upgraded GMR Solutions to a “hold” rating in a research report on Tuesday, June 9th. Bank of America initiated coverage on shares of GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $18.00 target price for the company. Needham & Company LLC set a $18.00 price target on shares of GMR Solutions in a report on Monday, June 8th. Finally, UBS Group started coverage on shares of GMR Solutions in a research note on Monday, June 8th. They issued a “buy” rating and a $20.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.22.

GMR Solutions Inc is a healthcare company in the Healthcare Services industry.