Byrna Technologies Inc. (NASDAQ:BYRN) Short Interest Up 19.4% in February

Byrna Technologies Inc. (NASDAQ:BYRN) saw a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 2,890,000 shares, an increase of 19.4% from the January 31st total of 2,420,000 shares. Based on an average trading volume of 565,500 shares, the days-to-cover ratio is presently 5.1 days. Approximately 16.5% of the company’s stock are sold short.

Byrna Technologies Stock Performance

Shares of Byrna Technologies stock opened at $22.48 on Friday. The company has a market capitalization of $509.10 million, a PE ratio of 41.63 and a beta of 1.64. The company has a 50-day simple moving average of $28.71 and a two-hundred day simple moving average of $21.44. Byrna Technologies has a one year low of $7.79 and a one year high of $34.78.

Byrna Technologies (NASDAQ:BYRN) last announced its earnings results on Friday, February 7th. The company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.12. Byrna Technologies had a net margin of 14.92% and a return on equity of 15.39%. On average, equities analysts predict that Byrna Technologies will post 0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Luan Pham sold 33,483 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $30.19, for a total value of $1,010,851.77. Following the completion of the sale, the insider now directly owns 19,148 shares of the company’s stock, valued at $578,078.12. This represents a 63.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lisa Wager sold 12,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $29.38, for a total transaction of $367,250.00. Following the completion of the sale, the insider now directly owns 212,055 shares of the company’s stock, valued at approximately $6,230,175.90. This trade represents a 5.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.08% of the stock is owned by insiders.

Hedge Funds Weigh In On Byrna Technologies

A number of large investors have recently added to or reduced their stakes in BYRN. Quarry LP bought a new position in Byrna Technologies in the fourth quarter worth about $25,000. Russell Investments Group Ltd. acquired a new position in shares of Byrna Technologies during the fourth quarter valued at about $29,000. Global Retirement Partners LLC acquired a new position in shares of Byrna Technologies during the fourth quarter valued at about $30,000. NCP Inc. acquired a new position in shares of Byrna Technologies during the fourth quarter valued at about $37,000. Finally, Quest Partners LLC acquired a new position in shares of Byrna Technologies during the third quarter valued at about $46,000. 25.46% of the stock is currently owned by institutional investors.

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.