Byrna Technologies Inc. (NASDAQ:BYRN) Short Interest Update – MarketBeat
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Byrna Technologies Inc. (NASDAQ:BYRN – Get Rating) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 592,200 shares, a drop of 16.0% from the September 15th total of 705,100 shares. Based on an average trading volume of 95,900 shares, the short-interest ratio is presently 6.2 days. Currently, 3.5% of the shares of the stock are sold short.
Byrna Technologies Stock Down 2.0 %
NASDAQ BYRN traded down $0.13 during trading on Friday, reaching $6.34. 84,206 shares of the stock traded hands, compared to its average volume of 106,680. The firm has a market cap of $141.00 million, a price-to-earnings ratio of -13.21 and a beta of 1.19. The stock’s 50-day moving average price is $7.03 and its 200 day moving average price is $8.00. Byrna Technologies has a fifty-two week low of $4.50 and a fifty-two week high of $19.62.
Analysts Set New Price Targets
A number of equities analysts have weighed in on BYRN shares. B. Riley dropped their target price on shares of Byrna Technologies from $19.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, October 6th. Raymond James lowered their price target on shares of Byrna Technologies from $20.00 to $15.00 and set a “strong-buy” rating for the company in a research report on Thursday, October 6th. Finally, Dawson James lowered their price target on shares of Byrna Technologies from $12.00 to $9.50 in a research report on Thursday, September 8th.
Insider Transactions at Byrna Technologies
In other Byrna Technologies news, insider Michael Wager acquired 20,000 shares of Byrna Technologies stock in a transaction dated Friday, October 7th. The stock was bought at an average cost of $5.11 per share, with a total value of $102,200.00. Following the acquisition, the insider now owns 40,000 shares of the company’s stock, valued at $204,400. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Bryan Ganz purchased 14,000 shares of the business’s stock in a transaction that occurred on Thursday, October 6th. The stock was purchased at an average cost of $5.14 per share, with a total value of $71,960.00. Following the acquisition, the chief executive officer now directly owns 590,188 shares of the company’s stock, valued at approximately $3,033,566.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael Wager purchased 20,000 shares of the business’s stock in a transaction that occurred on Friday, October 7th. The shares were purchased at an average cost of $5.11 per share, with a total value of $102,200.00. Following the completion of the acquisition, the insider now directly owns 40,000 shares in the company, valued at $204,400. The disclosure for this purchase can be found here. In the last three months, insiders acquired 38,708 shares of company stock valued at $199,159. Company insiders own 6.39% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Byrna Technologies by 12.2% in the first quarter. Vanguard Group Inc. now owns 832,684 shares of the company’s stock valued at $6,802,000 after buying an additional 90,375 shares in the last quarter. Wealthspire Advisors LLC lifted its stake in Byrna Technologies by 775.7% in the first quarter. Wealthspire Advisors LLC now owns 548,434 shares of the company’s stock valued at $4,481,000 after buying an additional 485,809 shares in the last quarter. State Street Corp lifted its stake in Byrna Technologies by 3.2% in the first quarter. State Street Corp now owns 288,630 shares of the company’s stock valued at $2,358,000 after buying an additional 9,005 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in Byrna Technologies in the first quarter valued at approximately $2,310,000. Finally, Millennium Management LLC bought a new position in Byrna Technologies in the second quarter valued at approximately $1,537,000. Institutional investors and hedge funds own 26.84% of the company’s stock.
About Byrna Technologies
(Get Rating)
Byrna Technologies Inc, a less-lethal defense technology company, develops and manufactures less-lethal munitions. It offers a Byrna line of handheld personal security devices, including the Byrna SD and Byrna SD .68 caliber handheld personal security devices that are designed to be used by civilians and private security professionals, as well as Byrna HD magazines, shoulder-fired launchers, and projectiles.
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