Genasys Inc. (NASDAQ:GNSS - Get Free Report) was the recipient of a large 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 volume of 106,600 shares, the days-to-cover ratio is currently 7.5 days.
A number of equities analysts recently weighed in on GNSS shares. Roth Mkm boosted their price target on shares of Genasys from $3.50 to $4.50 and gave the stock a "buy" rating in a research report on Thursday, September 19th. Northland Securities upped their price target on Genasys from $4.50 to $6.00 and gave the company an "outperform" rating in a research report on Thursday, September 12th. Finally, Ascendiant Capital Markets increased their price target on Genasys from $4.25 to $4.75 and gave the company a "buy" rating in a report on Monday, August 19th.
Check Out Our Latest Stock Report on Genasys
In related news, Director William H. Dodd acquired 16,327 shares of Genasys stock in a transaction on Wednesday, December 11th. The stock was bought at an average cost of $2.65 per share, for a total transaction of $43,266.55. Following the completion of the transaction, the director now owns 59,159 shares of the company's stock, valued at approximately $156,771.35. The trade was a 38.12 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.50% of the company's stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC purchased a new stake in shares of Genasys during the 3rd quarter worth approximately $70,000. BOKF NA boosted its stake 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. boosted its stake in Genasys by 57.9% in the second quarter. Cutter & CO Brokerage Inc. now owns 190,250 shares of the company's stock valued at $403,000 after acquiring an additional 69,750 shares in the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Genasys during the second quarter worth about $875,000. Finally, Sequoia Financial Advisors LLC increased 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. Hedge funds and other institutional investors own 40.04% of the company's stock.
NASDAQ GNSS traded up $0.11 during trading on Friday, hitting $2.70. The stock had a trading volume of 240,280 shares, compared to its average volume of 96,907. The company has a quick ratio of 1.98, a current ratio of 2.58 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $120.42 million, a PE ratio of -3.75 and a beta of 0.51. The firm has a 50 day moving average price of $3.71 and a 200 day moving average price of $3.02. Genasys has a twelve month low of $1.51 and a twelve month high of $4.04.
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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