Byrna Technologies Inc. (NASDAQ:BYRN) Short Interest Up 6.2% in August

Byrna Technologies Inc. (NASDAQ:BYRN) saw a large 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. Based on an average daily trading volume, of 301,000 shares, the short-interest ratio is presently 6.8 days. Approximately 11.6% of the company’s stock are sold short.

Insider Activity

In other Byrna Technologies news, CEO Bryan Ganz sold 17,442 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $15.40, for a total value of $268,606.80. Following the transaction, the chief executive officer now owns 460,617 shares in the company, valued at $7,093,501.80. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Byrna Technologies news, CEO Bryan Ganz sold 17,442 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $15.40, for a total value 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 Securities & Exchange Commission, which can be accessed through this link. Also, insider Lisa Wager sold 20,000 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $13.50, for a total transaction of $270,000.00. Following the completion of the sale, the insider now owns 229,555 shares in the company, valued at approximately $3,098,992.50. The disclosure for this sale can be found here. Insiders sold a total of 43,992 shares of company stock worth $637,477 in the last three months. Company insiders own 8.44% of the company’s stock.

Hedge Funds Weigh In On Byrna Technologies

Several institutional investors have recently bought and sold shares of the company. Hamilton Wealth LLC bought a new stake in shares of Byrna Technologies in the first quarter valued at $146,000. Algert Global LLC purchased a new stake in Byrna Technologies during the second quarter valued at about $131,000. Dimensional Fund Advisors LP boosted its position in Byrna Technologies by 17.5% during the second quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after purchasing an additional 2,976 shares during the period. Rhumbline Advisers purchased a new position in shares of Byrna Technologies in the second quarter worth about $205,000. Finally, XTX Topco Ltd purchased a new stake in shares of Byrna Technologies during the 2nd quarter valued at approximately $408,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

Analysts Set New Price Targets

BYRN has been the subject of a number of analyst reports. Roth Capital raised Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, August 28th. 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 for the company. Two research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Byrna Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $15.75.

Byrna Technologies Stock Down 1.1 %

BYRN stock traded down $0.18 during midday trading on Tuesday, hitting $15.72. The company’s stock had a trading volume of 269,197 shares, compared to its average volume of 248,930. Byrna Technologies has a 1 year low of $2.19 and a 1 year high of $17.00. The stock 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 50-day moving average price is $11.01 and its 200 day moving average price is $11.80.

Byrna Technologies (NASDAQ:BYRN) last posted its quarterly earnings data on Tuesday, July 9th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.10. Byrna Technologies had a negative net margin of 4.74% and a negative return on equity of 6.34%. The business had revenue of $20.27 million during the quarter, compared to the consensus estimate of $20.29 million. As a group, equities analysts forecast that Byrna Technologies will post 0.1 earnings per share for the current fiscal year.

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.