Genasys Inc. (NASDAQ:GNSS) Short Interest Up 24.7% in October

Genasys Inc. (NASDAQ:GNSS) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 695,600 shares, an increase of 24.7% from the September 30th total of 557,700 shares. Based on an average trading volume of 97,500 shares, the short-interest ratio is presently 7.1 days.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Ascendiant Capital Markets increased their price target on shares of Genasys from $4.25 to $4.75 and gave the company a “buy” rating in a research note on Monday, August 19th. Roth Mkm increased their target price on shares of Genasys from $3.50 to $4.50 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Northland Securities increased their target price on shares of Genasys from $4.50 to $6.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th.

Genasys Stock Down 1.8 %

Shares of NASDAQ GNSS traded down $0.07 during mid-day trading on Wednesday, reaching $3.81. The company had a trading volume of 55,942 shares, compared to its average volume of 91,240. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41. The firm has a 50 day simple moving average of $3.46 and a two-hundred day simple moving average of $2.65. The stock has a market cap of $169.94 million, a P/E ratio of -6.26 and a beta of 0.53. Genasys has a 52-week low of $1.51 and a 52-week high of $4.04.

Genasys (NASDAQ:GNSS) last announced its quarterly earnings data on Tuesday, August 6th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.01). The company had revenue of $7.17 million during the quarter, compared to analyst estimates of $7.48 million. Genasys had a negative net margin of 108.72% and a negative return on equity of 66.93%. During the same quarter last year, the business earned ($0.04) EPS. Sell-side analysts predict that Genasys will post -0.57 earnings per share for the current year.

Insider Activity at Genasys

In other Genasys news, Director Mark Culhane acquired 17,587 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average price of $2.65 per share, with a total value of $46,605.55. Following the purchase, the director now owns 37,587 shares in the company, valued at approximately $99,605.55. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 3.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Genasys

Hedge funds and other institutional investors have recently modified their holdings of the company. BOKF NA lifted its position in Genasys by 54.8% during the first quarter. BOKF NA now owns 84,700 shares of the company’s stock valued at $197,000 after buying an additional 30,000 shares in the last quarter. Cutter & CO Brokerage Inc. grew its holdings in Genasys by 129.1% during the 1st quarter. Cutter & CO Brokerage Inc. now owns 120,500 shares of the company’s stock valued at $286,000 after purchasing an additional 67,900 shares in the last quarter. Commonwealth Equity Services LLC acquired a new stake in Genasys during the 2nd quarter valued at $875,000. Sequoia Financial Advisors LLC grew its holdings in Genasys by 23.1% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock valued at $1,666,000 after purchasing an additional 87,883 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Genasys by 14.0% during the 1st quarter. Vanguard Group Inc. now owns 1,932,185 shares of the company’s stock valued at $4,579,000 after purchasing an additional 237,871 shares in the last quarter. 40.04% of the stock is currently owned by hedge funds and other institutional investors.

Genasys Company Profile

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.