Short Interest in Genasys Inc. (NASDAQ:GNSS) Decreases By 12.1%

Genasys Inc. (NASDAQ:GNSS) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 724,800 shares, a drop of 12.1% from the December 15th total of 824,600 shares. Based on an average daily trading volume, of 138,700 shares, the days-to-cover ratio is currently 5.2 days.

Insider Activity

In other Genasys news, Director William H. Dodd purchased 16,327 shares of Genasys stock in a transaction on Wednesday, December 11th. The shares were bought at an average price of $2.65 per share, with a total value of $43,266.55. Following the completion of the acquisition, the director now directly owns 59,159 shares of the company’s stock, valued at approximately $156,771.35. This trade represents a 38.12 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.50% of the company’s stock.

Institutional Investors Weigh In On Genasys

Hedge funds and other institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its stake 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 valued at $1,666,000 after buying an additional 87,883 shares during the period. Cutter & CO Brokerage Inc. raised its holdings in Genasys by 12.0% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 213,000 shares of the company’s stock valued at $758,000 after acquiring an additional 22,750 shares during the last quarter. Barclays PLC purchased a new position in shares of Genasys during the 3rd quarter worth $70,000. Geode Capital Management LLC boosted its holdings in shares of Genasys by 11.2% during the third quarter. Geode Capital Management LLC now owns 483,882 shares of the company’s stock worth $1,724,000 after purchasing an additional 48,843 shares during the last quarter. Finally, FNY Investment Advisers LLC grew its position in shares of Genasys by 251.1% in the fourth quarter. FNY Investment Advisers LLC now owns 272,200 shares of the company’s stock valued at $707,000 after purchasing an additional 194,669 shares during the period. 40.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets upped their target price on Genasys from $4.75 to $5.50 and gave the company a “buy” rating in a research note on Monday, December 16th.

Genasys Price Performance

Genasys stock traded up $0.03 during midday trading on Friday, reaching $2.92. 241,696 shares of the company were exchanged, compared to its average volume of 151,457. The firm’s 50-day simple moving average is $3.17 and its 200-day simple moving average is $3.15. Genasys has a 1 year low of $1.51 and a 1 year high of $4.04. The company has a market capitalization of $131.20 million, a price-to-earnings ratio of -4.06 and a beta of 0.59. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.34 and a current ratio of 1.86.

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.