Genius Group Limited (NYSEAMERICAN:GNS) Sees Significant Increase in Short Interest

Genius Group Limited (NYSEAMERICAN:GNS) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 23,135,794 shares, a growth of 237.6% from the May 14th total of 6,853,178 shares. Approximately 24.3% of the shares of the company are short sold. Based on an average daily volume of 44,984,614 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Genius Group

Institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC grew its holdings in shares of Genius Group by 41.8% during the fourth quarter. Virtu Financial LLC now owns 175,109 shares of the company’s stock valued at $101,000 after purchasing an additional 51,637 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Genius Group during the fourth quarter valued at approximately $26,000. Finally, Jane Street Group LLC bought a new position in Genius Group in the 2nd quarter worth approximately $49,000. 14.28% of the stock is owned by institutional investors.

Genius Group Stock Down 4.8%

Shares of NYSEAMERICAN:GNS traded down $0.01 during trading on Thursday, hitting $0.22. 3,250,444 shares of the company traded hands, compared to its average volume of 24,348,324. The business’s fifty day moving average is $0.29 and its 200-day moving average is $0.45. Genius Group has a one year low of $0.21 and a one year high of $1.92.

Genius Group (NYSEAMERICAN:GNS) last posted its earnings results on Saturday, February 14th. The company reported ($0.10) EPS for the quarter. The firm had revenue of $2.83 million during the quarter. Analysts predict that Genius Group will post -0.04 EPS for the current year.

Genius Group declared that its board has approved a stock buyback plan on Monday, June 8th that authorizes the company to buyback 13,200,000 shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

About Genius Group

Genius Group Ltd, trading on the NYSE American under the symbol GNS, is a global education technology company focused on entrepreneurial learning and development. Headquartered in Singapore, the company designs and delivers digital platforms, content and community experiences aimed at helping individuals and small businesses grow their skills, networks and ventures. Through its flagship learning ecosystem, Genius Group provides on-demand courses, coaching programs and live events that span topics from startup fundamentals and digital marketing to leadership and personal well-being.

At the core of the business is GeniusU, an online learning and networking platform that connects entrepreneurs with tailored educational pathways, mentor support and peer groups.