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

GSE Systems, Inc. (NASDAQ:GVP) was the target of a significant 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 trading volume of 127,100 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.0% of the company’s shares are sold short.

GSE Systems Price Performance

GSE Systems stock traded down $0.01 during trading hours on Tuesday, hitting $4.06. The company had a trading volume of 16,275 shares, compared to its average volume of 75,234. The firm has a market capitalization of $13.15 million, a P/E ratio of -1.42 and a beta of 1.37. The firm’s fifty day moving average is $3.82 and its 200-day moving average is $3.43. GSE Systems has a fifty-two week low of $1.21 and a fifty-two week high of $5.38.

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. GSE Systems had a negative net margin of 15.90% and a negative return on equity of 160.01%. The company had revenue of $11.73 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in GSE Systems stock. Renaissance Technologies LLC increased its position in shares of GSE Systems, Inc. (NASDAQ:GVP) by 6.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 87,409 shares of the company’s stock after buying an additional 5,300 shares during the period. Renaissance Technologies LLC owned 2.70% of GSE Systems worth $402,000 at the end of the most recent reporting period. Institutional investors own 21.78% of the company’s stock.

GSE Systems Company Profile

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.