Short Interest in Byrna Technologies Inc. (NASDAQ:BYRN) Rises By 6.2%

Byrna Technologies Inc. (NASDAQ:BYRN) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 2,050,000 shares, an increase of 6.2% from the August 15th total of 1,930,000 shares. Approximately 11.6% of the shares of the company are sold short. Based on an average trading volume of 301,000 shares, the days-to-cover ratio is currently 6.8 days.

Insider Activity

In related news, CEO Bryan Ganz sold 17,442 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $15.40, for a total transaction of $268,606.80. Following the transaction, the chief executive officer now directly owns 460,617 shares of the company’s stock, valued at $7,093,501.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Lisa Wager sold 20,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $13.50, for a total transaction of $270,000.00. Following the sale, the insider now directly owns 229,555 shares of the company’s stock, valued at approximately $3,098,992.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Bryan Ganz sold 17,442 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were 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 directly owns 460,617 shares of the company’s stock, valued at approximately $7,093,501.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,992 shares of company stock valued at $637,477. 8.44% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BYRN. Dimensional Fund Advisors LP increased its stake in shares of Byrna Technologies by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock valued at $200,000 after buying an additional 2,976 shares during the period. Wealthspire Advisors LLC boosted its stake in shares of Byrna Technologies by 1.8% in the 1st quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company’s stock valued at $7,704,000 after purchasing an additional 10,000 shares during the last quarter. Hamilton Wealth LLC acquired a new stake in shares of Byrna Technologies during the first quarter worth $146,000. Algert Global LLC acquired a new position in Byrna Technologies in the second quarter valued at $131,000. Finally, Vanguard Group Inc. grew its holdings in Byrna Technologies by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock worth $11,145,000 after acquiring an additional 14,755 shares during the period. 25.46% of the stock is owned by institutional investors.

Byrna Technologies Stock Down 1.1 %

Shares of BYRN stock traded down $0.18 during mid-day trading on Tuesday, reaching $15.72. 269,197 shares of the stock traded hands, compared to its average volume of 248,930. The company has a market cap of $358.10 million, a price-to-earnings ratio of -113.57 and a beta of 1.67. The stock’s fifty day simple moving average is $11.01 and its two-hundred day simple moving average is $11.80. Byrna Technologies has a 1-year low of $2.19 and a 1-year high of $17.00.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings results on Tuesday, July 9th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.10. The firm had revenue of $20.27 million during the quarter, compared to analysts’ expectations of $20.29 million. Byrna Technologies had a negative net margin of 4.74% and a negative return on equity of 6.34%. On average, equities research analysts anticipate that Byrna Technologies will post 0.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BYRN has been the topic of several recent analyst reports. Roth Mkm started coverage on shares of Byrna Technologies in a report on Wednesday, August 28th. They issued a “buy” rating and a $14.00 target price on the stock. Roth Capital upgraded Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, August 28th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Byrna Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.75.

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.