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

Genasys Inc. (NASDAQ:GNSS) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 799,000 shares, an increase of 10.1% from the November 15th total of 725,800 shares. Based on an average daily trading volume, of 106,600 shares, the short-interest ratio is presently 7.5 days.

Insider Buying and Selling at Genasys

In other Genasys news, Director William H. Dodd acquired 16,327 shares of the stock in a transaction that occurred on Wednesday, December 11th. The shares were purchased at an average cost of $2.65 per share, with a total value of $43,266.55. Following the purchase, the director now owns 59,159 shares in the company, valued at approximately $156,771.35. The trade was a 38.12 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Genasys

Institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC purchased a new stake in shares of Genasys during the 3rd quarter valued at about $70,000. BOKF NA grew its position in Genasys by 103.4% in the second quarter. BOKF NA now owns 172,250 shares of the company’s stock valued at $364,000 after acquiring an additional 87,550 shares in the last quarter. Cutter & CO Brokerage Inc. raised its stake in shares of Genasys by 57.9% during the second quarter. Cutter & CO Brokerage Inc. now owns 190,250 shares of the company’s stock valued at $403,000 after purchasing an additional 69,750 shares during the period. Commonwealth Equity Services LLC acquired a new position in shares of Genasys during the second quarter worth $875,000. Finally, Sequoia Financial Advisors LLC lifted its position in shares of Genasys by 23.1% during the third quarter. Sequoia Financial Advisors LLC now owns 467,883 shares of the company’s stock worth $1,666,000 after purchasing an additional 87,883 shares in the last quarter. Institutional investors and hedge funds own 40.04% of the company’s stock.

Genasys Trading Up 4.2 %

GNSS stock traded up $0.11 on Friday, hitting $2.70. 240,280 shares of the company were exchanged, compared to its average volume of 96,907. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.58 and a quick ratio of 1.98. The stock has a market capitalization of $120.42 million, a price-to-earnings ratio of -3.75 and a beta of 0.51. The business’s fifty day moving average is $3.71 and its two-hundred day moving average is $3.02. Genasys has a twelve month low of $1.51 and a twelve month high of $4.04.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Roth Mkm upped their price target on shares of Genasys from $3.50 to $4.50 and gave the company a “buy” rating in a report on Thursday, September 19th. Northland Securities increased their target price on Genasys from $4.50 to $6.00 and gave the company an “outperform” rating in a report on Thursday, September 12th. Finally, Ascendiant Capital Markets lifted their price target on shares of Genasys from $4.25 to $4.75 and gave the stock a “buy” rating in a report on Monday, August 19th.

About Genasys

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.