Byrna Technologies Inc. (NASDAQ:BYRN) Short Interest Update

Byrna Technologies Inc. (NASDAQ:BYRN) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 2,740,000 shares, an increase of 9.6% from the October 31st total of 2,500,000 shares. Based on an average daily trading volume, of 583,800 shares, the short-interest ratio is currently 4.7 days. Approximately 15.8% of the shares of the stock are short sold.

Insider Activity

In other Byrna Technologies news, CFO Laurilee Kearnes acquired 2,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was bought at an average price of $14.04 per share, with a total value of $28,080.00. Following the completion of the purchase, the chief financial officer now owns 2,500 shares of the company’s stock, valued at approximately $35,100. This represents a 400.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Bryan Ganz sold 17,442 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $15.40, for a total value of $268,606.80. Following the completion of the transaction, the chief executive officer now owns 460,617 shares in the company, valued at $7,093,501.80. This represents a 3.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,416 shares of company stock worth $820,581 over the last ninety days. Company insiders own 11.08% of the company’s stock.

Institutional Investors Weigh In On Byrna Technologies

Several institutional investors have recently bought and sold shares of the stock. Barclays PLC lifted its position in Byrna Technologies by 321.5% in the third quarter. Barclays PLC now owns 24,719 shares of the company’s stock valued at $419,000 after purchasing an additional 18,855 shares during the last quarter. State Street Corp grew its holdings in shares of Byrna Technologies by 36.9% in the third quarter. State Street Corp now owns 314,315 shares of the company’s stock worth $5,334,000 after purchasing an additional 84,723 shares during the last quarter. Centiva Capital LP bought a new position in shares of Byrna Technologies in the third quarter worth approximately $286,000. Verition Fund Management LLC raised its holdings in Byrna Technologies by 113.9% during the 3rd quarter. Verition Fund Management LLC now owns 34,018 shares of the company’s stock valued at $577,000 after buying an additional 18,118 shares during the last quarter. Finally, Walleye Capital LLC boosted its position in Byrna Technologies by 1.3% during the 3rd 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. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Roth Capital raised shares of Byrna Technologies to a “strong-buy” rating in a research note on Wednesday, August 28th. Roth Mkm restated a “buy” rating and set a $20.00 price objective on shares of Byrna Technologies in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $17.75.

Byrna Technologies Stock Performance

NASDAQ:BYRN traded down $1.00 during mid-day trading on Monday, reaching $18.33. The stock had a trading volume of 520,253 shares, compared to its average volume of 329,881. The stock has a market capitalization of $417.15 million, a P/E ratio of 206.44 and a beta of 1.72. The firm has a 50 day moving average price of $17.06 and a two-hundred day moving average price of $13.25. Byrna Technologies has a one year low of $5.11 and a one year high of $22.12.

Byrna Technologies (NASDAQ:BYRN) last announced 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 during the quarter, compared to analyst estimates of $20.82 million. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%. Research analysts forecast that Byrna Technologies will post 0.17 earnings per share for the current year.

About Byrna Technologies

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.