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

Byrna Technologies Inc. (NASDAQ:BYRN) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,740,000 shares, a growth of 9.6% from the October 31st total of 2,500,000 shares. Based on an average daily volume of 583,800 shares, the days-to-cover ratio is currently 4.7 days. Approximately 15.8% of the company’s shares are short sold.

Wall Street Analyst Weigh In

A number of research firms recently commented on BYRN. Roth Mkm reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Byrna Technologies in a research note on Wednesday, October 30th. Roth Capital upgraded shares of Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $17.75.

Byrna Technologies Price Performance

Shares of NASDAQ:BYRN traded down $0.11 during mid-day trading on Wednesday, hitting $19.04. The company had a trading volume of 70,779 shares, compared to its average volume of 328,540. The company has a market capitalization of $433.35 million, a PE ratio of 212.58 and a beta of 1.80. Byrna Technologies has a one year low of $5.11 and a one year high of $22.12. The firm has a fifty day moving average price of $17.11 and a 200 day moving average price of $13.35.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings data on Wednesday, October 9th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.05. The firm had revenue of $20.85 million for the quarter, compared to analyst estimates of $20.82 million. Byrna Technologies had a net margin of 3.12% and a return on equity of 5.58%. Research analysts expect that Byrna Technologies will post 0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at Byrna Technologies

In other news, CEO Bryan Ganz sold 2,478 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $18.46, for a total transaction of $45,743.88. Following the completion of the transaction, the chief executive officer now owns 398,059 shares of the company’s stock, valued at approximately $7,348,169.14. This trade represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Laurilee Kearnes acquired 2,000 shares of Byrna Technologies stock in a transaction that occurred on Thursday, October 10th. The stock was acquired at an average cost of $14.04 per share, for a total transaction of $28,080.00. Following the purchase, the chief financial officer now owns 2,500 shares of the company’s stock, valued at $35,100. The trade was a 400.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders sold 34,416 shares of company stock worth $550,581. 11.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Byrna Technologies

Several hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC acquired a new position in Byrna Technologies during the third quarter worth $34,000. Quest Partners LLC acquired a new stake in shares of Byrna Technologies in the 3rd quarter worth about $46,000. Algert Global LLC bought a new position in Byrna Technologies in the 2nd quarter valued at about $131,000. MetLife Investment Management LLC boosted its stake in Byrna Technologies by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 10,756 shares of the company’s stock valued at $183,000 after purchasing an additional 6,061 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Byrna Technologies by 17.5% in 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 last quarter. Institutional investors own 25.46% of the company’s stock.

About Byrna Technologies

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.