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

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

Analysts Set New Price Targets

BYRN has been the topic of a number of analyst reports. Roth Capital raised shares of Byrna Technologies to a “strong-buy” rating in a report on Wednesday, August 28th. Roth Mkm began coverage on shares of Byrna Technologies in a report on Wednesday, August 28th. They issued a “buy” rating and a $14.00 price target on the stock. Two investment 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.75.

Insider Buying and Selling at Byrna Technologies

In other Byrna Technologies news, CEO Bryan Ganz sold 17,442 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $15.40, for a total transaction of $268,606.80. Following the completion of the sale, the chief executive officer now owns 460,617 shares in the company, valued at approximately $7,093,501.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Byrna Technologies news, CEO Bryan Ganz sold 17,442 shares of Byrna Technologies stock in a transaction on 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 approximately $7,093,501.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lisa Wager sold 2,450 shares of Byrna Technologies stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $17.01, for a total transaction of $41,674.50. Following the transaction, the insider now directly owns 224,555 shares in the company, valued at $3,819,680.55. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,442 shares of company stock worth $679,152. 8.44% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Byrna Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wealthspire Advisors LLC increased its position in shares of Byrna Technologies by 1.8% during the first quarter. Wealthspire Advisors LLC now owns 553,079 shares of the company’s stock valued at $7,704,000 after buying an additional 10,000 shares during the period. Vanguard Group Inc. increased its position in shares of Byrna Technologies by 1.9% during the first quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock valued at $11,145,000 after buying an additional 14,755 shares during the period. Hamilton Wealth LLC bought a new stake in shares of Byrna Technologies during the first quarter valued at about $146,000. Bank of New York Mellon Corp increased its position in shares of Byrna Technologies by 68.8% during the second quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company’s stock valued at $1,463,000 after buying an additional 59,738 shares during the period. Finally, Rhumbline Advisers bought a new stake in shares of Byrna Technologies during the second quarter valued at about $205,000. 25.46% of the stock is currently owned by institutional investors.

Byrna Technologies Stock Up 5.7 %

Byrna Technologies stock traded up $0.90 during midday trading on Wednesday, reaching $16.62. The stock had a trading volume of 982,421 shares, compared to its average volume of 253,030. Byrna Technologies has a 12 month low of $2.19 and a 12 month high of $17.25. The firm’s 50-day moving average price is $11.13 and its 200 day moving average price is $11.83. The firm has a market capitalization of $378.60 million, a PE ratio of -118.71 and a beta of 1.67.

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