Short Interest in GMR Solutions Inc. (NYSE:GMRS) Increases By 115.0%

GMR Solutions Inc. (NYSE:GMRS) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 1,560,500 shares, a growth of 115.0% from the June 15th total of 725,948 shares. Approximately 2.9% of the shares of the company are sold short. Based on an average daily volume of 1,145,786 shares, the short-interest ratio is presently 1.4 days.

GMR Solutions Price Performance

Shares of NYSE GMRS opened at $13.49 on Friday. The stock has a market cap of $728.62 million and a PE ratio of 48.18. GMR Solutions has a one year low of $10.26 and a one year high of $15.98. The company’s fifty day moving average price is $13.10.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on GMRS. Zacks Research upgraded shares of GMR Solutions to a “hold” rating in a research report on Tuesday, June 9th. Barclays assumed coverage on shares of GMR Solutions in a research report on Monday, June 8th. They issued an “overweight” rating and a $16.00 price objective on the stock. JPMorgan Chase & Co. began coverage on shares of GMR Solutions in a research note on Monday, June 8th. They issued an “overweight” rating and a $15.00 target price on the stock. UBS Group started coverage on shares of GMR Solutions in a research report on Monday, June 8th. They set a “buy” rating and a $20.00 target price for the company. Finally, Morgan Stanley began coverage on shares of GMR Solutions in a research note on Monday, June 8th. They set an “equal weight” rating and a $14.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.22.