Genasys Inc. (NASDAQ:GNSS) Short Interest Update

Genasys Inc. (NASDAQ:GNSS - Get Free Report) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 844,800 shares, an increase of 7.0% from the January 15th total of 789,300 shares. Based on an average daily trading volume, of 149,600 shares, the short-interest ratio is currently 5.6 days.

Insider Activity

In related news, Director William H. Dodd acquired 16,327 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was purchased at an average price of $2.65 per share, with a total value of $43,266.55. Following the transaction, the director now owns 59,159 shares of the company's stock, valued at approximately $156,771.35. This trade represents a 38.12 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 7.40% of the company's stock.

Institutional Investors Weigh In On Genasys

Several hedge funds and other institutional investors have recently bought and sold shares of GNSS. Integrity Wealth Advisors Inc. acquired a new stake in Genasys during the 4th quarter worth $17,406,000. FNY Investment Advisers LLC boosted its holdings in shares of Genasys by 251.1% in the fourth quarter. FNY Investment Advisers LLC now owns 272,200 shares of the company's stock valued at $707,000 after acquiring an additional 194,669 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Genasys in the fourth quarter valued at about $348,000. 683 Capital Management LLC purchased a new stake in Genasys during the fourth quarter worth about $237,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in Genasys by 23.1% during the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company's stock worth $1,666,000 after buying an additional 87,883 shares in the last quarter. 40.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets increased their price objective on shares of Genasys from $4.75 to $5.50 and gave the stock a "buy" rating in a research report on Monday, December 16th.

Genasys Stock Down 4.2 %

GNSS stock traded down $0.14 during midday trading on Friday, hitting $3.18. The company's stock had a trading volume of 192,551 shares, compared to its average volume of 169,709. The company has a quick ratio of 0.97, a current ratio of 1.33 and a debt-to-equity ratio of 0.91. Genasys has a 52-week low of $1.65 and a 52-week high of $4.04. The firm has a market capitalization of $142.88 million, a P/E ratio of -4.82 and a beta of 0.62. The firm has a 50-day simple moving average of $2.92 and a 200-day simple moving average of $3.25.

Genasys (NASDAQ:GNSS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.07. Genasys had a negative net margin of 109.39% and a negative return on equity of 122.99%. As a group, equities analysts forecast that Genasys will post -0.23 EPS for the current year.

About Genasys

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.