Genasys Inc. (NASDAQ:GNSS) Brief Interest Update
Genasys Inc. (NASDAQ: GNSS – Get a rating) was the target of a sharp increase in short-term interest during the month of September. As of September 15, there was short interest totaling 191,100 shares, a 28.2% increase from the August 31 total of 149,100 shares. Based on an average trading volume of 41,100 shares, the day-to-cover ratio is currently 4.6 days.
Genasys Institutional Trading
Major investors have recently changed their positions in the company. Mak Capital One LLC increased its position in Genasys by 23.2% in the second quarter. Mak Capital One LLC now owns 591,092 shares of the company worth $1,921,000 after acquiring an additional 111,262 shares in the last quarter. MTM Investment Management LLC bought a new position in shares of Genasys in the 2nd quarter for a value of approximately $33,000. TFC Financial Management bought a new stock position in Genasys in Q2 for a value of approximately $1,956,000. Russell Investments Group Ltd. increased its position in Genasys shares by 5.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 562,168 shares of the company valued at $1,825,000 after purchasing an additional 28,656 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in Genasys during the 2nd quarter at a value of $34,000. 41.33% of the shares are currently held by institutional investors.
Genasys is trading down 3.1%
GNSS was down $0.09 during Friday trading hours, hitting $2.77. The company’s stock had a trading volume of 29,135 shares, compared to an average trading volume of 58,660. The stock has a market capitalization of $101.37 million, a price-earnings ratio of -57.19 and a beta of 0.48. The company’s 50-day moving average price is $3.10 and its 200-day moving average price is $3.14. Genasys has a 12-month low of $2.40 and a 12-month high of $5.43.
Genasys Company Profile
Genasys, Inc provides critical communication systems and 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 Alert Systems (NEWS) and LRAD long-range voice broadcast systems.
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