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

GMR Solutions Inc. (NYSE:GMRS – Get Free Report) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 865,113 shares, an increase of 93.1% from the May 14th total of 447,916 shares. Based on an average daily volume of 1,209,153 shares, the short-interest ratio is presently 0.7 days. Currently, 1.6% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on GMRS. UBS Group started coverage on shares of GMR Solutions in a research note on Monday, June 8th. They set a “buy” rating and a $20.00 target price for the company. Zacks Research upgraded GMR Solutions to a “hold” rating in a research note on Tuesday, June 9th. Barclays started coverage on GMR Solutions in a research report on Monday, June 8th. They set an “overweight” rating and a $16.00 price objective for the company. JPMorgan Chase & Co. started coverage on GMR Solutions in a report on Monday, June 8th. They issued an “overweight” rating and a $15.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on GMR Solutions in a research report on Monday, June 8th. They set an “equal weight” rating and a $14.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.22.

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GMR Solutions Trading Down 1.0%

NYSE:GMRS traded down $0.12 during midday trading on Tuesday, hitting $11.91. 589,816 shares of the company were exchanged, compared to its average volume of 1,039,952. GMR Solutions has a fifty-two week low of $10.26 and a fifty-two week high of $15.00.

GMR Solutions (NYSE:GMRS – Get Free Report) last released its quarterly earnings data on Monday, June 1st. The company reported $999.00 earnings per share (EPS) for the quarter. The company had revenue of $1.46 billion during the quarter.

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