Genius Group Limited (NYSEAMERICAN:GNS) Sees Large Growth in Short Interest

Genius Group Limited (NYSEAMERICAN:GNS) was the target of a large growth in short interest in 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. Based on an average daily trading volume, of 44,984,614 shares, the days-to-cover ratio is presently 0.5 days. Approximately 24.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Genius Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC lifted its position in shares of Genius Group by 41.8% during the 4th quarter. Virtu Financial LLC now owns 175,109 shares of the company’s stock valued at $101,000 after acquiring an additional 51,637 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Genius Group in the fourth quarter valued at $26,000. Finally, Jane Street Group LLC purchased a new stake in shares of Genius Group in the second quarter valued at $49,000. 14.28% of the stock is owned by institutional investors.

Genius Group Stock Performance

GNS stock traded down $0.01 on Thursday, reaching $0.22. The company’s stock had a trading volume of 3,250,444 shares, compared to its average volume of 24,348,324. Genius Group has a 52 week low of $0.21 and a 52 week high of $1.92. The firm has a fifty day moving average of $0.29 and a two-hundred day moving average of $0.45.

Genius Group (NYSEAMERICAN:GNS) last issued its quarterly earnings data on Saturday, February 14th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $2.83 million during the quarter. On average, equities research analysts anticipate that Genius Group will post -0.04 EPS for the current year.

Genius Group declared that its Board of Directors has initiated a share repurchase plan on Monday, June 8th that permits the company to buyback 13,200,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board 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.