Genasys Inc. (NASDAQ:GNSS) Sees Significant Drop in Short Interest

Genasys Inc. (NASDAQ:GNSSGet Free Report) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 151,300 shares, a drop of 5.3% from the April 30th total of 159,700 shares. Based on an average daily trading volume, of 65,900 shares, the short-interest ratio is currently 2.3 days.

Institutional Investors Weigh In On Genasys

Hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in Genasys by 49.4% during the fourth quarter. Victory Capital Management Inc. now owns 30,885 shares of the company’s stock worth $63,000 after purchasing an additional 10,212 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Genasys by 2.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 380,000 shares of the company’s stock worth $771,000 after buying an additional 10,000 shares during the period. Herald Investment Management Ltd purchased a new position in shares of Genasys in the third quarter worth about $1,508,000. Russell Investments Group Ltd. increased its holdings in shares of Genasys by 2.4% in the fourth quarter. Russell Investments Group Ltd. now owns 446,806 shares of the company’s stock worth $907,000 after buying an additional 10,419 shares during the period. Finally, Mak Capital One LLC increased its holdings in shares of Genasys by 19.1% in the third quarter. Mak Capital One LLC now owns 628,809 shares of the company’s stock worth $1,264,000 after buying an additional 100,821 shares during the period. Institutional investors own 40.04% of the company’s stock.

Genasys Stock Up 0.6 %

Shares of GNSS stock opened at $1.82 on Monday. The business has a 50-day moving average price of $2.11 and a two-hundred day moving average price of $1.89. Genasys has a 12-month low of $1.51 and a 12-month high of $3.92. The firm has a market cap of $81.17 million, a P/E ratio of -2.94 and a beta of 0.50.

Genasys (NASDAQ:GNSSGet Free Report) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.04). Genasys had a negative return on equity of 46.55% and a negative net margin of 71.72%. The firm had revenue of $5.74 million for the quarter, compared to the consensus estimate of $7.05 million. During the same period last year, the firm earned ($0.09) EPS. As a group, research analysts expect that Genasys will post -0.56 EPS for the current fiscal year.

About Genasys

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Genasys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genasys and related companies with MarketBeat.com's FREE daily email newsletter.