Short Interest in Byrna Technologies Inc. (NASDAQ:BYRN) Increases By 9.6%

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

Byrna Technologies Stock Performance

BYRN traded down $0.13 during trading on Wednesday, reaching $19.02. The company’s stock had a trading volume of 62,764 shares, compared to its average volume of 328,495. Byrna Technologies has a 52-week low of $5.11 and a 52-week high of $22.12. The company’s fifty day moving average price is $17.11 and its 200-day moving average price is $13.35. The company has a market capitalization of $432.90 million, a price-to-earnings ratio of 212.58 and a beta of 1.80.

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 analysts’ consensus estimates of ($0.01) by $0.05. The company had revenue of $20.85 million for the quarter, compared to analyst estimates of $20.82 million. Byrna Technologies had a return on equity of 5.58% and a net margin of 3.12%. Equities analysts predict that Byrna Technologies will post 0.17 earnings per share for the current year.

Analysts Set New Price Targets

BYRN has been the topic of several recent research reports. Roth Mkm restated a “buy” rating and issued a $20.00 price target on shares of Byrna Technologies in a research report on Wednesday, October 30th. Roth Capital upgraded Byrna Technologies to a “strong-buy” rating in a research report on Wednesday, August 28th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $17.75.

Insider Activity at Byrna Technologies

In other Byrna Technologies news, CEO Bryan Ganz sold 2,478 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $18.46, for a total value of $45,743.88. Following the sale, the chief executive officer now directly owns 398,059 shares in the company, valued at $7,348,169.14. This trade represents a 0.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Laurilee Kearnes purchased 2,000 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was acquired at an average price of $14.04 per share, for a total transaction of $28,080.00. Following the completion of the purchase, the chief financial officer now owns 2,500 shares of the company’s stock, valued at $35,100. This represents 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. Company insiders own 11.08% of the company’s stock.

Institutional Investors Weigh In On Byrna Technologies

Several institutional investors have recently modified their holdings of BYRN. Vanguard Group Inc. boosted its stake in shares of Byrna Technologies by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 800,051 shares of the company’s stock worth $11,145,000 after acquiring an additional 14,755 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Byrna Technologies by 68.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 146,607 shares of the company’s stock worth $1,463,000 after acquiring an additional 59,738 shares in the last quarter. Rhumbline Advisers purchased a new stake in shares of Byrna Technologies during the 2nd quarter worth approximately $205,000. Dimensional Fund Advisors LP boosted its stake in shares of Byrna Technologies by 17.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after acquiring an additional 2,976 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of Byrna Technologies during the 2nd quarter worth approximately $786,000. Hedge funds and other institutional investors own 25.46% of the company’s stock.

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.