Genasys Inc. (NASDAQ:GNSS) Sees Significant Decrease in Short Interest

Genasys Inc. (NASDAQ:GNSS) saw a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 150,300 shares, a drop of 18.1% from the August 15th total of 183,600 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 49,900 shares, the short-interest ratio is currently 3.0 days.

Institutional Trading of Genasys

Institutional investors and hedge funds have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in Genasys in the 1st quarter valued at $35,000. Orion Capital Management LLC bought a new stake in Genasys in the second quarter valued at about $36,000. Raymond James Financial Services Advisors Inc. acquired a new position in Genasys in the first quarter worth about $67,000. JPMorgan Chase & Co. lifted its stake in Genasys by 15,270.7% during the first quarter. JPMorgan Chase & Co. now owns 23,056 shares of the company’s stock worth $68,000 after purchasing an additional 22,906 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Genasys during the first quarter valued at approximately $89,000. 39.50% of the stock is currently owned by institutional investors.

Genasys Stock Performance

NASDAQ:GNSS opened at $2.91 on Tuesday. The firm’s 50-day moving average is $3.07 and its 200-day moving average is $2.96. Genasys has a 52-week low of $2.28 and a 52-week high of $4.23.

Genasys (NASDAQ:GNSS) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $14.26 million for the quarter, compared to analyst estimates of $14.11 million. Genasys had a negative return on equity of 16.93% and a negative net margin of 42.61%. Sell-side analysts forecast that Genasys will post -0.26 earnings per share for the current year.

Genasys Company Profile

Genasys, Inc engages in the provision of critical communications hardware and software solutions and a multi-channel approach to deliver geo-targeted alerts, notifications, instructions, and information before, during, and after public safety threats and critical business events. Its communications platform includes Genasys Emergency Management (GEM) applications, National Emergency Warning Systems (NEWS), and LRAD long-range voice broadcast systems.