Genasys Inc. (NASDAQ:GNSS) Short Interest Update

Genasys Inc. (NASDAQ:GNSS) was the target of a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 788,491 shares, a decrease of 18.2% from the February 12th total of 964,320 shares. Based on an average daily volume of 133,705 shares, the short-interest ratio is presently 5.9 days. Approximately 1.9% of the company’s shares are sold short. Approximately 1.9% of the company’s shares are sold short. Based on an average daily volume of 133,705 shares, the short-interest ratio is presently 5.9 days.

Hedge Funds Weigh In On Genasys

Several institutional investors and hedge funds have recently bought and sold shares of the business. Prospera Financial Services Inc acquired a new position in shares of Genasys in the 2nd quarter valued at about $392,000. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Genasys by 2.7% during the third quarter. Pacific Ridge Capital Partners LLC now owns 1,136,349 shares of the company’s stock worth $2,784,000 after purchasing an additional 29,714 shares during the period. Jane Street Group LLC grew its position in Genasys by 126.2% during the first quarter. Jane Street Group LLC now owns 97,618 shares of the company’s stock valued at $222,000 after purchasing an additional 54,461 shares in the last quarter. Susquehanna International Group LLP grew its position in Genasys by 76.6% during the third quarter. Susquehanna International Group LLP now owns 183,233 shares of the company’s stock valued at $449,000 after purchasing an additional 79,493 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Genasys by 36.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 119,815 shares of the company’s stock valued at $257,000 after buying an additional 31,750 shares during the period. Hedge funds and other institutional investors own 40.04% of the company’s stock.

Genasys Price Performance

NASDAQ:GNSS traded up $0.03 during trading hours on Monday, hitting $1.86. 57,157 shares of the stock traded hands, compared to its average volume of 142,152. The firm has a 50 day moving average price of $2.01 and a 200 day moving average price of $2.16. Genasys has a fifty-two week low of $1.46 and a fifty-two week high of $2.70.

Genasys (NASDAQ:GNSS) last issued its earnings results on Tuesday, February 10th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $17.07 million during the quarter, compared to analyst estimates of $16.50 million. Genasys had a negative return on equity of 391.12% and a negative net margin of 29.19%. Equities analysts expect that Genasys will post -0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Lake Street Capital started coverage on Genasys in a research note on Friday. They issued a “buy” rating and a $4.00 price target on the stock. Ascendiant Capital Markets upped their price objective on shares of Genasys from $5.25 to $5.50 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Genasys in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Genasys presently has an average rating of “Hold” and a consensus price target of $4.75.

About Genasys

Genasys, Inc (NASDAQ: GNSS) specializes in mission-critical communications and emergency mass notification solutions designed to keep organizations and communities connected during high-stress events. The company’s core offerings include a multi-channel alerting platform that integrates SMS, email, voice, sirens, public address systems and social media outlets. By combining hardware and cloud-based software, Genasys delivers robust, scalable systems that can push targeted warnings and status updates to millions of recipients in seconds.

In addition to its flagship Smart Mass Notification System, Genasys provides hardened private LTE networks, satellite communications terminals and interoperable radio systems tailored for government agencies, defense customers, utilities, energy producers and remote industrial operations.