GSE Systems, Inc. (NASDAQ:GVP) was the recipient of a large growth in short interest during the month of February. As of February 12th, there was short interest totalling 11,900 shares, a growth of 83.1% from the January 28th total of 6,500 shares. Based on an average daily volume of 495,400 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are short sold.
Shares of GVP stock opened at $1.83 on Friday. The stock’s 50-day moving average is $1.93 and its 200 day moving average is $1.37. GSE Systems has a 1-year low of $0.86 and a 1-year high of $2.80. The company has a market cap of $37.74 million, a P/E ratio of -4.36 and a beta of 1.65.
Several hedge funds have recently added to or reduced their stakes in the business. Virtu Financial LLC purchased a new position in shares of GSE Systems in the 4th quarter worth approximately $28,000. Polar Asset Management Partners Inc. lifted its position in GSE Systems by 2.7% during the third quarter. Polar Asset Management Partners Inc. now owns 1,992,724 shares of the company’s stock valued at $2,072,000 after acquiring an additional 51,900 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in GSE Systems by 27.1% in the fourth quarter. Renaissance Technologies LLC now owns 957,838 shares of the company’s stock valued at $1,264,000 after acquiring an additional 204,172 shares in the last quarter. 32.12% of the stock is owned by institutional investors and hedge funds.
GSE Systems, Inc provides simulation, training, and engineering solutions to the power and process industries in the United States, Asia, Europe, and internationally. It operates through two segments, Performance Improvement Solutions and Nuclear Industry Training and Consulting. The Performance Improvement Solutions segment provides various simulation products, engineering services, and operation training systems for the nuclear, fossil fuel power generation, and process industries.
Further Reading: Profit margin is different from the revenue
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