Short Interest in Genasys Inc. (NASDAQ:GNSS) Decreases By 56.3%

Genasys Inc. (NASDAQ:GNSS) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 307,192 shares, a decline of 56.3% from the April 30th total of 703,160 shares. Based on an average trading volume of 181,118 shares, the short-interest ratio is presently 1.7 days. Approximately 0.7% of the company’s stock are sold short.

Institutional Trading of Genasys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HRT Financial LP purchased a new stake in shares of Genasys in the fourth quarter worth approximately $79,000. XTX Topco Ltd boosted its position in shares of Genasys by 170.6% during the second quarter. XTX Topco Ltd now owns 51,516 shares of the company’s stock valued at $89,000 after buying an additional 32,481 shares during the last quarter. Marshall Wace LLP grew its holdings in Genasys by 398.4% during the fourth quarter. Marshall Wace LLP now owns 63,961 shares of the company’s stock worth $138,000 after buying an additional 51,127 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Genasys by 114.0% during the first quarter. Goldman Sachs Group Inc. now owns 87,213 shares of the company’s stock worth $198,000 after buying an additional 46,452 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Genasys by 126.2% in the 1st quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock valued at $222,000 after buying an additional 54,461 shares during the last quarter. 40.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on GNSS shares. Lake Street Capital started coverage on shares of Genasys in a report on Friday, March 13th. They issued a “buy” rating and a $4.00 price target for the company. Ascendiant Capital Markets increased their price objective on shares of Genasys from $5.25 to $5.50 and gave the stock a “buy” rating in a research report on Wednesday, March 11th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Genasys in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $4.75.

Genasys Trading Up 0.9%

NASDAQ GNSS traded up $0.02 during mid-day trading on Friday, hitting $2.15. The company’s stock had a trading volume of 115,263 shares, compared to its average volume of 158,063. The firm has a market capitalization of $97.91 million, a price-to-earnings ratio of -12.65 and a beta of 0.66. The company’s 50 day simple moving average is $1.90 and its 200 day simple moving average is $2.03. Genasys has a twelve month low of $1.40 and a twelve month high of $2.70.

Genasys (NASDAQ:GNSS) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.05. The firm had revenue of $15.51 million for the quarter, compared to the consensus estimate of $15.20 million. Genasys had a negative net margin of 13.44% and a negative return on equity of 314.53%. As a group, research analysts forecast that Genasys will post 0.04 EPS for the current 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.