Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totalling 3,090,000 shares, an increase of 8.8% from the November 30th total of 2,840,000 shares. Based on an average daily trading volume, of 588,500 shares, the short-interest ratio is presently 5.3 days. Approximately 17.8% of the shares of the stock are short sold.
Insider Activity at Byrna Technologies
In other Byrna Technologies news, CFO Laurilee Kearnes bought 2,000 shares of Byrna Technologies stock in a transaction that occurred on Thursday, October 10th. The shares were bought at an average price of $14.04 per share, with a total value of $28,080.00. Following the acquisition, the chief financial officer now owns 2,500 shares in the company, valued at approximately $35,100. This trade represents a 400.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 11.08% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Walleye Capital LLC increased its position in shares of Byrna Technologies by 1.3% during the third quarter. Walleye Capital LLC now owns 52,379 shares of the company's stock valued at $889,000 after buying an additional 665 shares during the period. nVerses Capital LLC purchased a new position in shares of Byrna Technologies during the 3rd quarter worth approximately $34,000. Charles Schwab Investment Management Inc. raised its position in shares of Byrna Technologies by 4.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company's stock worth $865,000 after acquiring an additional 2,021 shares in the last quarter. Quest Partners LLC bought a new position in shares of Byrna Technologies in the 3rd quarter worth approximately $46,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Byrna Technologies by 17.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company's stock valued at $200,000 after purchasing an additional 2,976 shares during the period. 25.46% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Roth Mkm restated a "buy" rating and issued a $20.00 target price on shares of Byrna Technologies in a report on Wednesday, October 30th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $17.75.
Read Our Latest Analysis on BYRN
Byrna Technologies Stock Performance
Shares of NASDAQ BYRN traded down $1.43 during trading hours on Tuesday, hitting $28.81. The company's stock had a trading volume of 821,821 shares, compared to its average volume of 350,268. Byrna Technologies has a 12 month low of $5.36 and a 12 month high of $31.32. The stock has a market cap of $655.66 million, a price-to-earnings ratio of 320.15 and a beta of 1.80. The business has a 50-day simple moving average of $20.65 and a 200-day simple moving average of $15.24.
Byrna Technologies (NASDAQ:BYRN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 9th. The company reported $0.04 earnings per share for the quarter, topping analysts' consensus estimates of ($0.01) by $0.05. The firm had revenue of $20.85 million for the quarter, compared to analyst estimates of $20.82 million. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. On average, equities research analysts forecast that Byrna Technologies will post 0.19 EPS for the current year.
About Byrna Technologies
(
Get Free Report)
Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. The company offers handheld personal security devices and shoulder-fired launchers without the need for background check or firearm license; and projectiles including chemical irritant, kinetic, and inert rounds.
Further Reading
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