Short Interest in Genasys Inc. (NASDAQ:GNSS) Increases By 10.1%

Genasys Inc. (NASDAQ:GNSS - Get Free Report) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 799,000 shares, a growth of 10.1% from the November 15th total of 725,800 shares. Based on an average trading volume of 106,600 shares, the days-to-cover ratio is currently 7.5 days.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Ascendiant Capital Markets increased their target price on Genasys from $4.25 to $4.75 and gave the company a "buy" rating in a report on Monday, August 19th. Northland Securities upped their price objective on Genasys from $4.50 to $6.00 and gave the stock an "outperform" rating in a research report on Thursday, September 12th. Finally, Roth Mkm raised their target price on Genasys from $3.50 to $4.50 and gave the stock a "buy" rating in a research report on Thursday, September 19th.

Insider Transactions at Genasys

In other news, Director William H. Dodd acquired 16,327 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $2.65 per share, with a total value of $43,266.55. Following the transaction, the director now owns 59,159 shares in the company, valued at approximately $156,771.35. This trade represents a 38.12 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.50% of the company's stock.

Hedge Funds Weigh In On Genasys

Several hedge funds have recently made changes to their positions in GNSS. Vanguard Group Inc. boosted its position in shares of Genasys by 14.0% in 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 during the period. Commonwealth Equity Services LLC acquired a new stake in shares of Genasys in the second quarter valued at approximately $875,000. BOKF NA grew its position in shares of Genasys by 103.4% during the second quarter. BOKF NA now owns 172,250 shares of the company's stock worth $364,000 after acquiring an additional 87,550 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Genasys by 23.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company's stock valued at $1,666,000 after acquiring an additional 87,883 shares during the period. Finally, Cutter & CO Brokerage Inc. increased its holdings in shares of Genasys by 57.9% in the 2nd quarter. Cutter & CO Brokerage Inc. now owns 190,250 shares of the company's stock valued at $403,000 after acquiring an additional 69,750 shares during the period. Hedge funds and other institutional investors own 40.04% of the company's stock.

Genasys Stock Up 4.2 %

Shares of NASDAQ GNSS traded up $0.11 during mid-day trading on Friday, reaching $2.70. The company had a trading volume of 240,280 shares, compared to its average volume of 96,907. The firm has a 50 day simple moving average of $3.71 and a two-hundred day simple moving average of $3.03. Genasys has a 52-week low of $1.51 and a 52-week high of $4.04. 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 stock has a market cap of $120.42 million, a P/E ratio of -3.75 and a beta of 0.51.

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.