GSE Systems, Inc. (NASDAQ:GVP) Short Interest Down 7.5% in September

GSE Systems, Inc. (NASDAQ:GVP) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 28,500 shares, a decline of 7.5% from the August 31st total of 30,800 shares. Based on an average daily trading volume, of 127,100 shares, the short-interest ratio is currently 0.2 days. Currently, 1.0% of the company’s shares are sold short.

GSE Systems Stock Performance

NASDAQ GVP traded down $0.01 on Tuesday, reaching $4.06. 16,275 shares of the stock traded hands, compared to its average volume of 75,234. GSE Systems has a 12 month low of $1.21 and a 12 month high of $5.38. The company has a market cap of $13.15 million, a price-to-earnings ratio of -1.41 and a beta of 1.37. The company has a fifty day moving average price of $3.82 and a 200-day moving average price of $3.43.

GSE Systems (NASDAQ:GVP) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.26) earnings per share for the quarter. The business had revenue of $11.73 million during the quarter. GSE Systems had a negative return on equity of 160.01% and a negative net margin of 15.90%.

Institutional Investors Weigh In On GSE Systems

A hedge fund recently raised its stake in GSE Systems stock. Renaissance Technologies LLC grew its position in GSE Systems, Inc. (NASDAQ:GVP) by 6.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 87,409 shares of the company’s stock after acquiring an additional 5,300 shares during the quarter. Renaissance Technologies LLC owned about 2.70% of GSE Systems worth $402,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 21.78% of the company’s stock.

About GSE Systems

GSE Systems, Inc engages in the provision of professional and technical engineering services, staffing services, and simulation software to clients in the power and process industries in the United States, Asia, Europe, and internationally. It operates in two segments: Engineering and Workforce Solutions.