Short Interest in GMR Solutions Inc. (NYSE:GMRS) Grows By 82.0%

GMR Solutions Inc. (NYSE:GMRS) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 2,457,386 shares, an increase of 82.0% from the July 30th total of 1,349,980 shares. Approximately 4.5% of the company’s stock are sold short. Based on an average daily volume of 961,346 shares, the short-interest ratio is presently 2.6 days.

GMR Solutions Stock Down 3.7%

Shares of NYSE GMRS traded down $0.46 during trading on Monday, reaching $12.14. 458,571 shares of the company traded hands, compared to its average volume of 830,114. The company has a debt-to-equity ratio of 5.50, a current ratio of 2.01 and a quick ratio of 2.01. GMR Solutions has a 52-week low of $10.26 and a 52-week high of $15.98. The stock has a market capitalization of $655.80 million and a PE ratio of -7.78. The firm’s 50 day moving average price is $13.59.

GMR Solutions (NYSE:GMRS) last announced its earnings results on Wednesday, August 12th. The company reported ($1.84) earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($2.22). The business had revenue of $1.49 billion for the quarter. The business’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts predict that GMR Solutions will post 1.29 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on GMRS. Needham & Company LLC set a $18.00 target price on shares of GMR Solutions in a report on Monday, June 8th. Wall Street Zen raised shares of GMR Solutions to a “hold” rating in a research report on Saturday, May 23rd. JPMorgan Chase & Co. assumed coverage on shares of GMR Solutions in a report on Monday, June 8th. They issued an “overweight” rating and a $15.00 price objective for the company. Zacks Research upgraded GMR Solutions to a “hold” rating in a research note on Tuesday, June 9th. Finally, UBS Group started coverage on GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $20.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, GMR Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $18.67.

Institutional Trading of GMR Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GMRS. Two Sigma Securities LLC bought a new stake in shares of GMR Solutions during the 2nd quarter valued at $169,000. Premier Path Wealth Partners LLC purchased a new position in GMR Solutions during the second quarter valued at $348,000. Readystate Asset Management LP bought a new stake in GMR Solutions during the second quarter valued at about $12,936,000. Finally, Alyeska Investment Group L.P. purchased a new stake in GMR Solutions in the second quarter worth about $36,817,000.

GMR Solutions Company Profile

GMR Solutions Inc is a provider of emergency medical services delivering EMS and other essential out-of-hospital care in rural and urban communities. GMR Solutions Inc is based in Lewisville, Texas.