Genasys Inc. (NASDAQ:GNSS - Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 218,900 shares, a growth of 28.7% from the March 15th total of 170,100 shares. Based on an average trading volume of 99,100 shares, the days-to-cover ratio is presently 2.2 days.
Genasys Stock Performance
Shares of NASDAQ GNSS traded down $0.09 during mid-day trading on Monday, reaching $2.10. The company had a trading volume of 103,068 shares, compared to its average volume of 95,123. Genasys has a twelve month low of $1.51 and a twelve month high of $3.92. The stock has a market capitalization of $92.46 million, a PE ratio of -3.98 and a beta of 0.48. The stock's 50 day moving average is $2.02 and its 200-day moving average is $1.85.
Genasys (NASDAQ:GNSS - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.05). Genasys had a negative return on equity of 35.02% and a negative net margin of 53.32%. The company had revenue of $4.36 million during the quarter, compared to analyst estimates of $7.88 million. On average, sell-side analysts anticipate that Genasys will post -0.28 EPS for the current year.
Hedge Funds Weigh In On Genasys
Hedge funds have recently bought and sold shares of the business. Herald Investment Management Ltd acquired a new position in Genasys during the third quarter worth $1,508,000. Stratos Wealth Partners LTD. acquired a new position in Genasys during the third quarter worth $237,000. Trellus Management Company LLC acquired a new position in Genasys during the third quarter worth $121,000. Mak Capital One LLC increased its position in Genasys by 19.1% during the third quarter. Mak Capital One LLC now owns 628,809 shares of the company's stock worth $1,264,000 after buying an additional 100,821 shares during the last quarter. Finally, B. Riley Asset Management LLC acquired a new position in Genasys during the third quarter worth $651,000. 40.04% of the stock is owned by institutional investors and hedge funds.
About Genasys
(
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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.
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