Genasys Inc. (NASDAQ:GNSS) Sees Increase in Short Interest During November

Genasys Inc. (NASDAQ:GNSS) experienced a notable rise in short interest during November. By the end of the month on November 30th, the short interest had reached a total of 799,000 shares, reflecting a 10.1% increase from the 725,800 shares reported on November 15th. With an average daily trading volume of 106,600 shares, this translates to a days-to-cover ratio of 7.5 days.

Recent Analyst Ratings

Several equity analysts have recently provided their insights on Genasys shares. Roth MKM raised their price target from $3.50 to $4.50 while assigning a "buy" rating during a research report on September 19th. Northland Securities also increased their price target from $4.50 to $6.00, giving Genasys an "outperform" rating as reported on September 12th. Additionally, Ascendiant Capital Markets elevated their price target from $4.25 to $4.75, labeling the company with a "buy" rating in a report issued on August 19th.

Insider Trading Activity

In related news, Director William H. Dodd purchased 16,327 shares of Genasys stock on December 11th. He bought the shares at an average price of $2.65 each, resulting in a total transaction of $43,266.55. Following this purchase, Dodd holds 59,159 shares valued at approximately $156,771.35, marking a 38.12% increase in his position. This transaction was reported in a legal filing with the SEC. As it stands, insiders own 3.50% of Genasys’ stock.

Institutional Investor Activities

Institutional investors, including hedge funds, have recently made adjustments to their holdings in Genasys. Barclays PLC acquired a new stake worth roughly $70,000 during the third quarter. BOKF NA increased its stake by 103.4% during the second quarter and now owns 172,250 shares valued at $364,000 after a recent acquisition of 87,550 shares. Additionally, Cutter & CO Brokerage Inc. boosted their holdings in Genasys by 57.9%, bringing their total to 190,250 shares valued at approximately $403,000. Commonwealth Equity Services LLC purchased a new position worth about $875,000 during the same quarter. Sequoia Financial Advisors LLC also raised their stake in Genasys by 23.1%, increasing their total ownership to 467,883 shares valued at $1,666,000 after adding 87,883 shares. Overall, institutional investors own 40.04% of Genasys stock.

Stock Performance

On Friday, NASDAQ GNSS rose by 4.2%, trading up by $0.11 to reach $2.70. The trading volume for the day was 240,280 shares, significantly higher than 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 of 0.41. The company boasts a market capitalization of $120.42 million, a price-to-earnings (PE) ratio of -3.75, and a beta of 0.51. Genasys also features a 50-day moving average of $3.71 and a 200-day moving average of $3.02, alongside a twelve-month price range with a low of $1.51 and a high of $4.04.

About Genasys Inc.

Genasys Inc. is involved in designing, developing, and commercializing communication hardware and software solutions geared towards alerting, informing, and protecting people in various regions including North and South America, Europe, the Middle East, and Asia. The company operates through two main segments: Hardware and Software.

Genasys, Stocks, Investment