VirTra, Inc. (NASDAQ:VTSI) Short Interest Up 23.4% in June

VirTra, Inc. (NASDAQ:VTSI) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 493,400 shares, an increase of 23.4% from the May 31st total of 400,000 shares. Based on an average trading volume of 330,600 shares, the short-interest ratio is currently 1.5 days. Currently, 4.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On VirTra

Several institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC grew its holdings in VirTra by 8.0% during the third quarter. Acadian Asset Management LLC now owns 45,935 shares of the company’s stock valued at $255,000 after purchasing an additional 3,421 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in VirTra by 22.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 20,791 shares of the company’s stock valued at $197,000 after purchasing an additional 3,841 shares during the period. Ritholtz Wealth Management acquired a new position in VirTra during the fourth quarter valued at approximately $98,000. Jump Financial LLC acquired a new position in VirTra during the fourth quarter valued at approximately $104,000. Finally, Hillsdale Investment Management Inc. acquired a new position in VirTra during the fourth quarter valued at approximately $167,000. Institutional investors and hedge funds own 14.69% of the company’s stock.

VirTra Stock Up 1.3 %

Shares of NASDAQ:VTSI opened at $7.69 on Friday. VirTra has a one year low of $4.20 and a one year high of $17.68. The company has a 50 day moving average of $10.99 and a 200-day moving average of $10.86. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.31 and a quick ratio of 2.46. The stock has a market cap of $85.44 million, a price-to-earnings ratio of 12.82, a P/E/G ratio of 1.07 and a beta of 0.59.

VirTra (NASDAQ:VTSI) last issued its quarterly earnings results on Tuesday, May 14th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). VirTra had a return on equity of 16.25% and a net margin of 18.48%. The business had revenue of $8.09 million for the quarter, compared to analyst estimates of $10.03 million. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, sell-side analysts forecast that VirTra will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Roth Mkm reaffirmed a “buy” rating and issued a $19.00 target price on shares of VirTra in a research note on Wednesday, May 15th. Lake Street Capital boosted their target price on shares of VirTra from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, May 15th.

About VirTra

VirTra, Inc provides use of force training and firearms training simulators for the law enforcement, military, and commercial markets worldwide. Its patented technologies, software, and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship, and related training that mimics real-world situations.