Short Interest in Genasys Inc. (NASDAQ:GNSS) Drops By 56.3%

Genasys Inc. (NASDAQ:GNSS) saw a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 307,192 shares, a decrease of 56.3% from the April 30th total of 703,160 shares. Currently, 0.7% of the company’s shares are sold short. Based on an average trading volume of 181,118 shares, the days-to-cover ratio is currently 1.7 days.

Genasys Stock Performance

Shares of NASDAQ:GNSS traded down $0.04 during trading on Monday, hitting $2.11. The company’s stock had a trading volume of 182,731 shares, compared to its average volume of 145,139. The stock’s 50-day moving average price is $1.90 and its two-hundred day moving average price is $2.03. Genasys has a fifty-two week low of $1.40 and a fifty-two week high of $2.70. The company has a market capitalization of $96.09 million, a PE ratio of -12.41 and a beta of 0.70.

Genasys (NASDAQ:GNSS) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.05. Genasys had a negative return on equity of 314.53% and a negative net margin of 13.44%.The firm had revenue of $15.51 million for the quarter, compared to analysts’ expectations of $15.20 million. On average, equities analysts predict that Genasys will post 0.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GNSS has been the subject of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Genasys in a research note on Monday, May 11th. Ascendiant Capital Markets upped their price target on Genasys from $5.25 to $5.50 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Finally, Lake Street Capital assumed coverage on Genasys in a research note on Friday, March 13th. They set a “buy” rating and a $4.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $4.75.

Institutional Trading of Genasys

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FNY Investment Advisers LLC boosted its position in shares of Genasys by 10.7% in the fourth quarter. FNY Investment Advisers LLC now owns 1,034,245 shares of the company’s stock worth $2,218,000 after buying an additional 100,253 shares during the period. Prospera Financial Services Inc raised its holdings in shares of Genasys by 17.1% during the fourth quarter. Prospera Financial Services Inc now owns 288,150 shares of the company’s stock worth $618,000 after acquiring an additional 42,000 shares in the last quarter. Aristides Capital LLC raised its holdings in shares of Genasys by 8.8% during the first quarter. Aristides Capital LLC now owns 122,655 shares of the company’s stock worth $223,000 after acquiring an additional 9,900 shares in the last quarter. HRT Financial LP purchased a new stake in shares of Genasys during the fourth quarter worth $79,000. Finally, Marshall Wace LLP raised its holdings in shares of Genasys by 398.4% during the fourth quarter. Marshall Wace LLP now owns 63,961 shares of the company’s stock worth $138,000 after acquiring an additional 51,127 shares in the last quarter. 40.04% of the stock is currently owned by institutional investors and hedge funds.

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.