Genius Group Limited (NYSEAMERICAN:GNS) Short Interest Update

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

Institutional Investors Weigh In On Genius Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in shares of Genius Group during the second quarter valued at approximately $49,000. Virtu Financial LLC bought a new stake in shares of Genius Group during the third quarter valued at approximately $119,000. Finally, XTX Topco Ltd bought a new stake in shares of Genius Group during the fourth quarter valued at approximately $26,000. Institutional investors own 14.28% of the company’s stock.

Genius Group Stock Down 1.7%

Shares of GNS traded down $0.00 during trading hours on Friday, reaching $0.21. 4,113,472 shares of the stock traded hands, compared to its average volume of 24,420,834. Genius Group has a 52-week low of $0.21 and a 52-week high of $1.92. The company’s 50-day moving average price is $0.29 and its two-hundred day moving average price is $0.45.

Genius Group (NYSEAMERICAN:GNS) last released its earnings results on Saturday, February 14th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $2.83 million for the quarter. On average, sell-side analysts forecast that Genius Group will post -0.04 earnings per share for the current fiscal year.

Genius Group announced that its board has initiated a stock repurchase plan on Monday, June 8th that authorizes the company to buyback 13,200,000 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Genius Group Company Profile

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.