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

Byrna Technologies Inc. (NASDAQ:BYRN) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totalling 2,470,000 shares, a decrease of 20.1% from the December 15th total of 3,090,000 shares. Approximately 14.3% of the company’s shares are sold short. Based on an average daily trading volume, of 569,000 shares, the short-interest ratio is currently 4.3 days.

Institutional Investors Weigh In On Byrna Technologies

Several institutional investors have recently added to or reduced their stakes in BYRN. FMR LLC raised its stake in shares of Byrna Technologies by 47.9% in the 3rd quarter. FMR LLC now owns 1,694,610 shares of the company’s stock valued at $28,758,000 after purchasing an additional 548,670 shares during the period. Cubist Systematic Strategies LLC raised its position in Byrna Technologies by 145.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 76,202 shares of the company’s stock valued at $760,000 after buying an additional 45,118 shares during the last quarter. Barclays PLC lifted its stake in Byrna Technologies by 321.5% in the 3rd quarter. Barclays PLC now owns 24,719 shares of the company’s stock valued at $419,000 after acquiring an additional 18,855 shares in the last quarter. XTX Topco Ltd bought a new stake in Byrna Technologies in the 2nd quarter valued at approximately $408,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Byrna Technologies by 4.1% during 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 during the last quarter. 25.46% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Roth Mkm reiterated a “buy” rating and set a $20.00 target price on shares of Byrna Technologies in a report on Wednesday, October 30th. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $17.75.

Byrna Technologies Price Performance

BYRN traded up $0.16 during trading on Friday, reaching $29.40. The company had a trading volume of 276,568 shares, compared to its average volume of 471,760. The company has a market cap of $669.09 million, a P/E ratio of 326.70 and a beta of 1.67. Byrna Technologies has a 12 month low of $5.81 and a 12 month high of $31.32. The business’s fifty day moving average price is $24.17 and its 200 day moving average price is $16.96.

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.