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

Genasys Inc. (NASDAQ:GNSS) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 788,491 shares, a decrease of 18.2% from the February 12th total of 964,320 shares. Based on an average daily volume of 133,705 shares, the short-interest ratio is presently 5.9 days. Approximately 1.9% of the company’s shares are sold short. Approximately 1.9% of the company’s shares are sold short. Based on an average daily volume of 133,705 shares, the short-interest ratio is presently 5.9 days.

Institutional Investors Weigh In On Genasys

Several hedge funds have recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Genasys by 16.8% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,327,187 shares of the company’s stock worth $2,847,000 after purchasing an additional 190,838 shares in the last quarter. FNY Investment Advisers LLC increased its position in shares of Genasys by 10.7% during the 4th quarter. FNY Investment Advisers LLC now owns 1,034,245 shares of the company’s stock valued at $2,218,000 after purchasing an additional 100,253 shares during the last quarter. Prospera Financial Services Inc raised its holdings in shares of Genasys by 17.1% during the 4th quarter. Prospera Financial Services Inc now owns 288,150 shares of the company’s stock valued at $618,000 after buying an additional 42,000 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of Genasys by 76.6% during the 3rd quarter. Susquehanna International Group LLP now owns 183,233 shares of the company’s stock valued at $449,000 after buying an additional 79,493 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Genasys by 36.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 119,815 shares of the company’s stock worth $257,000 after buying an additional 31,750 shares during the last quarter. Institutional investors own 40.04% of the company’s stock.

Wall Street Analyst Weigh In

GNSS has been the subject of a number of research analyst reports. Lake Street Capital initiated coverage on Genasys in a report on Friday. They issued a “buy” rating and a $4.00 target price for the company. Ascendiant Capital Markets boosted their target price on shares of Genasys from $5.25 to $5.50 and gave the company a “buy” rating in a research report on Wednesday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Genasys in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Genasys currently has an average rating of “Hold” and an average price target of $4.75.

Genasys Price Performance

Shares of NASDAQ:GNSS opened at $1.83 on Friday. The stock’s 50 day moving average is $2.01 and its 200-day moving average is $2.16. The firm has a market capitalization of $82.74 million, a price-to-earnings ratio of -5.55 and a beta of 0.65. Genasys has a twelve month low of $1.46 and a twelve month high of $2.70.

Genasys (NASDAQ:GNSS) last posted its quarterly earnings data on Tuesday, February 10th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Genasys had a negative net margin of 29.19% and a negative return on equity of 391.12%. The company had revenue of $17.07 million for the quarter, compared to analysts’ expectations of $16.50 million. Equities research analysts anticipate that Genasys will post -0.23 earnings per share for the current fiscal year.

Genasys Company Profile

Genasys, Inc (NASDAQ: GNSS) specializes in mission-critical communications and emergency mass notification solutions designed to keep organizations and communities connected during high-stress events. The company’s core offerings include a multi-channel alerting platform that integrates SMS, email, voice, sirens, public address systems and social media outlets. By combining hardware and cloud-based software, Genasys delivers robust, scalable systems that can push targeted warnings and status updates to millions of recipients in seconds.

In addition to its flagship Smart Mass Notification System, Genasys provides hardened private LTE networks, satellite communications terminals and interoperable radio systems tailored for government agencies, defense customers, utilities, energy producers and remote industrial operations.