Short Interest in GMR Solutions Inc. (NYSE:GMRS) Rises By 93.1%

GMR Solutions Inc. (NYSE:GMRS) was the target of a significant increase in short interest in the month of 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. Currently, 1.6% of the shares of the stock are sold short. Based on an average trading volume of 1,209,153 shares, the short-interest ratio is presently 0.7 days.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Citigroup assumed coverage on shares of GMR Solutions in a research report on Sunday, June 7th. They issued a “buy” rating and a $17.00 price objective for the company. Needham & Company LLC set a $18.00 price objective on shares of GMR Solutions in a research report on Monday, June 8th. Zacks Research upgraded shares of GMR Solutions to a “hold” rating in a research report on Tuesday, June 9th. Bank of America assumed coverage on shares of GMR Solutions in a research report on Monday, June 8th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Wall Street Zen upgraded shares of GMR Solutions to a “hold” rating in a research report on Saturday, May 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.22.

GMR Solutions Price Performance

GMR Solutions stock traded down $0.35 during trading on Monday, reaching $12.00. The company had a trading volume of 646,166 shares, compared to its average volume of 1,060,953. GMR Solutions has a 1-year low of $10.26 and a 1-year high of $15.00.

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