Genasys Inc. (NASDAQ:GNSS) Short Interest Update

Genasys Inc. (NASDAQ:GNSS) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 150,300 shares, a decline of 18.1% from the August 15th total of 183,600 shares. Based on an average trading volume of 49,900 shares, the days-to-cover ratio is presently 3.0 days. Approximately 0.5% of the shares of the company are short sold.

Institutional Trading of Genasys

A number of hedge funds have recently modified their holdings of GNSS. Capital Advisors Inc. OK acquired a new position in shares of Genasys in the first quarter valued at $260,000. BOKF NA raised its stake in shares of Genasys by 35.1% in the 2nd quarter. BOKF NA now owns 54,700 shares of the company’s stock valued at $142,000 after buying an additional 14,200 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Genasys during the 1st quarter worth about $89,000. JPMorgan Chase & Co. boosted its position in shares of Genasys by 15,270.7% during the 1st quarter. JPMorgan Chase & Co. now owns 23,056 shares of the company’s stock valued at $68,000 after acquiring an additional 22,906 shares in the last quarter. Finally, Ranger Investment Management L.P. raised its position in Genasys by 2.4% in the second quarter. Ranger Investment Management L.P. now owns 767,187 shares of the company’s stock worth $1,995,000 after purchasing an additional 18,134 shares in the last quarter. Institutional investors own 39.50% of the company’s stock.

Genasys Trading Down 4.6 %

NASDAQ:GNSS opened at $2.91 on Tuesday. Genasys has a one year low of $2.28 and a one year high of $4.23. The company has a fifty day moving average price of $3.07 and a 200 day moving average price of $2.96.

Genasys (NASDAQ:GNSS) last posted its quarterly earnings data on Thursday, August 10th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.01. Genasys had a negative net margin of 42.61% and a negative return on equity of 16.93%. The company had revenue of $14.26 million for the quarter, compared to the consensus estimate of $14.11 million. On average, equities analysts expect that Genasys will post -0.26 EPS for the current fiscal 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.