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

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

Insider Buying and Selling at Genasys

In related news, Director William H. Dodd bought 16,327 shares of the stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average price of $2.65 per share, for a total transaction of $43,266.55. Following the acquisition, the director now owns 59,159 shares in the company, valued at approximately $156,771.35. This represents a 38.12 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

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

Genasys Stock Performance

Shares of GNSS stock traded up $0.03 during midday trading on Friday, hitting $2.92. The company had a trading volume of 241,696 shares, compared to its average volume of 151,457. The stock has a market cap 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 current ratio of 1.86 and a quick ratio of 1.34. Genasys has a 52-week low of $1.51 and a 52-week high of $4.04. The company’s 50 day simple moving average is $3.17 and its 200 day simple moving average is $3.15.

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.