Byrna Technologies Inc. (NASDAQ:BYRN) Short Interest Up 19.4% in February

Byrna Technologies Inc. (NASDAQ:BYRN - Get Free Report) was the target of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 2,890,000 shares, a growth of 19.4% from the January 31st total of 2,420,000 shares. Approximately 16.5% of the company's shares are short sold. Based on an average daily volume of 565,500 shares, the short-interest ratio is currently 5.1 days.

Byrna Technologies Stock Down 13.9 %

BYRN traded down $3.13 during midday trading on Monday, reaching $19.35. The company had a trading volume of 934,425 shares, compared to its average volume of 571,314. The business has a 50-day moving average of $28.34 and a two-hundred day moving average of $21.73. Byrna Technologies has a 1 year low of $7.79 and a 1 year high of $34.78. The company has a market cap of $438.22 million, a P/E ratio of 35.83 and a beta of 1.64.

Byrna Technologies (NASDAQ:BYRN - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.12. Byrna Technologies had a return on equity of 15.39% and a net margin of 14.92%. On average, equities research analysts predict that Byrna Technologies will post 0.28 EPS for the current year.

Insiders Place Their Bets

In related news, insider Luan Pham sold 33,483 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total value of $1,010,851.77. Following the transaction, the insider now owns 19,148 shares in the company, valued at $578,078.12. The trade was a 63.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Lisa Wager sold 12,500 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $29.38, for a total value of $367,250.00. Following the completion of the transaction, the insider now directly owns 212,055 shares of the company's stock, valued at approximately $6,230,175.90. This trade represents a 5.57 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.08% of the company's stock.

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Institutional Trading of Byrna Technologies

Several institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP purchased a new stake in Byrna Technologies in the 4th quarter worth $25,000. Russell Investments Group Ltd. bought a new position in shares of Byrna Technologies in the fourth quarter worth about $29,000. Global Retirement Partners LLC purchased a new stake in shares of Byrna Technologies during the fourth quarter worth about $30,000. NCP Inc. bought a new stake in Byrna Technologies during the 4th quarter valued at approximately $37,000. Finally, Quest Partners LLC bought a new stake in Byrna Technologies during the 3rd quarter valued at approximately $46,000. 25.46% of the stock is currently owned by institutional investors.

Byrna Technologies Company Profile

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.