GMR Solutions Inc. (NYSE:GMRS) Sees Significant Increase in Short Interest

GMR Solutions Inc. (NYSE:GMRSGet Free Report) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 865,113 shares, an increase of 93.1% from the May 14th total of 447,916 shares. Based on an average trading volume of 1,209,153 shares, the short-interest ratio is currently 0.7 days. Currently, 1.6% of the company’s shares are short sold.

GMR Solutions Stock Performance

NYSE GMRS traded down $0.50 during trading hours on Friday, hitting $12.41. 579,998 shares of the company were exchanged, compared to its average volume of 1,080,704. GMR Solutions has a 52-week low of $10.26 and a 52-week high of $15.00.

GMR Solutions (NYSE:GMRSGet Free Report) last issued its quarterly earnings results on Monday, June 1st. The company reported $999.00 earnings per share for the quarter. The company had revenue of $1.46 billion for the quarter.

Analyst Upgrades and Downgrades

GMRS has been the topic of several research reports. Wall Street Zen raised GMR Solutions to a “hold” rating in a research note on Saturday, May 23rd. Morgan Stanley initiated coverage on GMR Solutions in a research note on Monday, June 8th. They set an “equal weight” rating and a $14.00 target price on the stock. JPMorgan Chase & Co. initiated coverage on GMR Solutions in a research note on Monday, June 8th. They set an “overweight” rating and a $15.00 target price on the stock. The Goldman Sachs Group initiated coverage on GMR Solutions in a research note on Monday, June 8th. They set a “buy” rating and a $35.00 target price on the stock. Finally, UBS Group initiated coverage on GMR Solutions in a research note on Monday, June 8th. They set a “buy” rating and a $20.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.22.

View Our Latest Analysis on GMR Solutions

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