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

Genasys Inc. (NASDAQ:GNSS) experienced a notable increase in short interest throughout November. By November 30, the total short interest had risen to 799,000 shares, marking a 10.1% increase from the previous total of 725,800 shares recorded on November 15. Given the average daily trading volume of 106,600 shares, this results in a days-to-cover ratio of approximately 7.5 days.

Recent Analyst Recommendations

Several analysts have recently provided updates on Genasys shares. Roth Mkm raised their price target for Genasys from $3.50 to $4.50, assigning a "buy" rating in a report published on September 19. Northland Securities also increased its price target for Genasys, moving it from $4.50 to $6.00 while maintaining an "outperform" rating in a report dated September 12. Ascendiant Capital Markets similarly boosted its price target from $4.25 to $4.75, labeling the company as a "buy" in a document released on August 19.

Check Out Our Latest Stock Report on Genasys

Insider Transactions

In other news, Director William H. Dodd bought 16,327 shares of Genasys stock on December 11 at an average price of $2.65 per share, totaling around $43,266.55. Following this acquisition, the director now holds 59,159 shares valued at approximately $156,771.35, representing a 38.12% increase in his stock position. This transaction has been disclosed in a filing with the SEC. Insiders collectively own 3.50% of Genasys stock.

Changes in Institutional Investors’ Holdings

Hedge funds and other institutional investors have recently adjusted their stakes in Genasys. Barclays PLC acquired a new position in Genasys during the third quarter, amounting to roughly $70,000. BOKF NA significantly raised its stake by 103.4% in the second quarter, bringing their total shares to 172,250, valued at $364,000 after acquiring an additional 87,550 shares. Also, Cutter & CO Brokerage Inc. increased its position in Genasys by 57.9% in the second quarter, now holding 190,250 shares worth $403,000. Commonwealth Equity Services LLC invested around $875,000 in Genasys during the second quarter. Lastly, Sequoia Financial Advisors LLC raised its stake by 23.1% in the third quarter, owning 467,883 shares worth $1,666,000 following the purchase of 87,883 additional shares. Hedge funds and institutional investors hold 40.04% of Genasys stock.

Stock Performance Overview

On trading Friday, NASDAQ GNSS rose by 4.2%, increasing by $0.11 to reach $2.70 per share. The trading volume for this session was 240,280 shares, surpassing the average volume of 96,907 shares. Genasys has a quick ratio of 1.98, a current ratio of 2.58, and a debt-to-equity ratio standing at 0.41. The company's market capitalization is approximately $120.42 million, with a PE ratio of -3.75 and a beta of 0.51. Its 50-day moving average price is $3.71, and the 200-day moving average price is $3.02. Over the last year, Genasys has seen a low of $1.51 and a high of $4.04.

About Genasys Inc.

Genasys Inc. specializes in designing, developing, and marketing critical communications hardware and software solutions aimed at alerting, informing, and protecting individuals globally, particularly in North and South America, Europe, the Middle East, and Asia. The company operates through two main segments: Hardware and Software.

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This article provides a comprehensive overview of Genasys Inc. and related market actions. The information presented here is intended to keep investors informed about Genasys and its current market position.

Investment Considerations

Before deciding to invest in Genasys, it is wise to review various investment recommendations. While Genasys holds a "buy" rating, analysts have identified five alternative stocks they believe may present better investment opportunities.

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Genasys, Stocks, Investment