GMR Solutions Inc. (NYSE:GMRS) Short Interest Update

GMR Solutions Inc. (NYSE:GMRS) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 973,506 shares, a decline of 37.6% from the June 30th total of 1,560,500 shares. Based on an average daily volume of 737,481 shares, the short-interest ratio is presently 1.3 days. Approximately 1.8% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

GMRS has been the subject of several research analyst reports. Zacks Research upgraded GMR Solutions to a “hold” rating in a report on Tuesday, June 9th. Bank of America started coverage on GMR Solutions in a research note on Monday, June 8th. They set a “buy” rating and a $18.00 target price on the stock. Morgan Stanley began coverage on GMR Solutions in a report on Monday, June 8th. They set an “equal weight” rating and a $14.00 target price for the company. Evercore raised GMR Solutions to a “strong-buy” rating and set a $20.00 price target for the company in a research note on Monday, June 8th. Finally, The Goldman Sachs Group initiated coverage on shares of GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $35.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.22.

GMR Solutions Trading Down 3.0%

Shares of NYSE GMRS traded down $0.39 during midday trading on Thursday, hitting $12.54. 151,598 shares of the company traded hands, compared to its average volume of 860,008. GMR Solutions has a 12-month low of $10.26 and a 12-month high of $15.98. The company has a market capitalization of $677.31 million and a price-to-earnings ratio of 44.79. The firm has a 50-day moving average of $13.07.

GMR Solutions (NYSE:GMRS) last issued its quarterly earnings data on Monday, June 1st. The company reported $0.28 EPS for the quarter. The company had revenue of $1.46 billion during the quarter.