Short Interest in Genasys Inc. (NASDAQ:GNSS) Expands By 24.7%

Genasys Inc. (NASDAQ:GNSS - Get Free Report) was the recipient of a significant increase in short interest in the month of 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.

Genasys Trading Down 6.7 %

Shares of NASDAQ GNSS traded down $0.26 during mid-day trading on Wednesday, reaching $3.62. The company had a trading volume of 150,923 shares, compared to its average volume of 91,699. Genasys has a 52 week low of $1.51 and a 52 week high of $4.04. The business's 50-day moving average is $3.46 and its 200-day moving average is $2.65. The stock has a market cap of $161.47 million, a price-to-earnings ratio of -6.10 and a beta of 0.53. The company has a current ratio of 2.58, a quick ratio of 1.98 and a debt-to-equity ratio of 0.41.

Genasys (NASDAQ:GNSS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.01). The firm had revenue of $7.17 million during the quarter, compared to analysts' expectations 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 in the previous year, the firm posted ($0.04) EPS. Equities analysts expect that Genasys will post -0.57 earnings per share for the current year.

Insider Transactions at Genasys

In other Genasys news, Director Mark Culhane purchased 17,587 shares of the company's stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of $2.65 per share, for a total transaction of $46,605.55. Following the purchase, the director now directly owns 37,587 shares of the company's stock, valued at $99,605.55. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.50% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GNSS. BOKF NA boosted its holdings in shares of Genasys by 54.8% in the 1st 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. lifted its holdings in shares of 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 during the last quarter. Commonwealth Equity Services LLC purchased a new position in Genasys during the 2nd quarter worth $875,000. Sequoia Financial Advisors LLC increased its position 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 buying an additional 87,883 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in Genasys by 14.0% in the first quarter. Vanguard Group Inc. now owns 1,932,185 shares of the company's stock valued at $4,579,000 after buying an additional 237,871 shares during the last quarter. Hedge funds and other institutional investors own 40.04% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.