GMR Solutions Inc. (NYSE:GMRS) Short Interest Down 37.6% in July

GMR Solutions Inc. (NYSE:GMRS) saw a significant decline in short interest during 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 trading volume of 737,481 shares, the short-interest ratio is currently 1.3 days. Currently, 1.8% of the shares of the stock are sold short.

GMR Solutions Stock Performance

NYSE GMRS traded up $0.24 on Friday, reaching $12.76. The company had a trading volume of 253,632 shares, compared to its average volume of 848,776. GMR Solutions has a 52 week low of $10.26 and a 52 week high of $15.98. The company has a market capitalization of $689.19 million and a PE ratio of 45.57. The company has a 50 day moving average of $13.13.

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

Analyst Ratings Changes

Several research analysts have issued reports on the company. UBS Group assumed coverage on GMR Solutions in a report on Monday, June 8th. They set a “buy” rating and a $20.00 price objective on the stock. Zacks Research upgraded shares of GMR Solutions to a “hold” rating in a research report on Tuesday, June 9th. Wall Street Zen raised shares of GMR Solutions to a “hold” rating in a research note on Saturday, May 23rd. Citigroup began coverage on shares of GMR Solutions in a research note on Sunday, June 7th. They set a “buy” rating and a $17.00 price target for the company. Finally, Bank of America started coverage on shares of GMR Solutions in a report on Monday, June 8th. They issued a “buy” rating and a $18.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.22.

GMR Solutions Inc is a healthcare company in the Healthcare Services industry.