Genius Group Limited (NYSEAMERICAN:GNS) Short Interest Down 58.8% in June

Genius Group Limited (NYSEAMERICAN:GNS) was the target of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 9,540,557 shares, a decrease of 58.8% from the May 31st total of 23,135,794 shares. Based on an average daily volume of 8,273,261 shares, the short-interest ratio is currently 1.2 days. Currently, 10.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On Genius Group

Several hedge funds have recently modified their holdings of the stock. Virtu Financial LLC increased its stake in Genius Group by 41.8% in the 4th quarter. Virtu Financial LLC now owns 175,109 shares of the company’s stock worth $101,000 after purchasing an additional 51,637 shares in the last quarter. XTX Topco Ltd purchased a new stake in Genius Group during the fourth quarter valued at about $26,000. Finally, Jane Street Group LLC purchased a new stake in Genius Group during the second quarter valued at about $49,000. 14.28% of the stock is owned by hedge funds and other institutional investors.

Genius Group Stock Performance

Genius Group stock opened at $0.20 on Wednesday. Genius Group has a 1 year low of $0.18 and a 1 year high of $1.92. The firm’s 50 day moving average price is $0.25 and its two-hundred day moving average price is $0.40.

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

Genius Group declared that its Board of Directors has initiated a share buyback program on Monday, June 8th that authorizes the company to repurchase 13,200,000 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is 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.