Genius Group Limited (NYSEAMERICAN:GNS) Short Interest Down 58.8% in June

Genius Group Limited (NYSEAMERICAN:GNS) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 9,540,557 shares, a decline of 58.8% from the May 31st total of 23,135,794 shares. Approximately 10.0% of the company’s shares are short sold. Based on an average daily volume of 8,273,261 shares, the short-interest ratio is currently 1.2 days.

Institutional Trading of Genius Group

A number of institutional investors have recently modified their holdings of the company. Virtu Financial LLC increased its holdings in Genius Group by 41.8% during the 4th quarter. Virtu Financial LLC now owns 175,109 shares of the company’s stock valued at $101,000 after purchasing an additional 51,637 shares during the period. XTX Topco Ltd purchased a new stake in Genius Group in the 4th quarter worth approximately $26,000. Finally, Jane Street Group LLC bought a new stake in shares of Genius Group in the 2nd quarter worth approximately $49,000. 14.28% of the stock is currently owned by hedge funds and other institutional investors.

Genius Group Stock Performance

Shares of NYSEAMERICAN:GNS traded down $0.01 during trading on Monday, reaching $0.19. 2,135,149 shares of the company traded hands, compared to its average volume of 5,712,506. Genius Group has a 52-week low of $0.19 and a 52-week high of $1.92. The business’s fifty day moving average is $0.25 and its 200-day moving average is $0.41.

Genius Group (NYSEAMERICAN:GNS) last issued its earnings results on Saturday, February 14th. The company reported ($0.10) EPS for the quarter. The company had revenue of $2.83 million for the quarter. Equities research analysts predict that Genius Group will post -0.04 earnings per share for the current year.

Genius Group declared that its board has initiated a share repurchase plan on Monday, June 8th that permits the company to repurchase 13,200,000 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Genius Group Company Profile

Genius Group Ltd, trading on the NYSE American under the symbol GNS, is a global education technology company focused on entrepreneurial learning and development. Headquartered in Singapore, the company designs and delivers digital platforms, content and community experiences aimed at helping individuals and small businesses grow their skills, networks and ventures. Through its flagship learning ecosystem, Genius Group provides on-demand courses, coaching programs and live events that span topics from startup fundamentals and digital marketing to leadership and personal well-being.

At the core of the business is GeniusU, an online learning and networking platform that connects entrepreneurs with tailored educational pathways, mentor support and peer groups.