Byrna Technologies Inc. (NASDAQ:BYRN) Short Interest Down 10.8% in November – MarketBeat
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Byrna Technologies Inc. (NASDAQ:BYRN – Get Rating) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 538,500 shares, a decline of 10.8% from the October 31st total of 603,900 shares. Approximately 3.1% of the shares of the company are sold short. Based on an average daily volume of 88,300 shares, the short-interest ratio is presently 6.1 days.
Insider Transactions at Byrna Technologies
In other news, CEO Bryan Ganz bought 14,000 shares of the business’s stock in a transaction dated Thursday, October 6th. The shares were acquired at an average price of $5.14 per share, for a total transaction of $71,960.00. Following the completion of the transaction, the chief executive officer now owns 590,188 shares of the company’s stock, valued at $3,033,566.32. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Michael Wager bought 20,000 shares of the business’s stock in a transaction dated Friday, October 7th. The shares were acquired at an average price of $5.11 per share, for a total transaction of $102,200.00. Following the completion of the transaction, the insider now owns 40,000 shares of the company’s stock, valued at $204,400. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Bryan Ganz purchased 14,000 shares of the stock in a transaction that occurred on Thursday, October 6th. The shares were bought at an average cost of $5.14 per share, for a total transaction of $71,960.00. Following the acquisition, the chief executive officer now owns 590,188 shares of the company’s stock, valued at $3,033,566.32. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 38,708 shares of company stock worth $199,159. Corporate insiders own 6.39% of the company’s stock.
Institutional Investors Weigh In On Byrna Technologies
A number of institutional investors have recently added to or reduced their stakes in BYRN. Amalgamated Bank purchased a new stake in Byrna Technologies in the 1st quarter valued at approximately $25,000. Spartan Fund Management Inc. purchased a new stake in shares of Byrna Technologies during the 2nd quarter worth approximately $43,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Byrna Technologies by 10.0% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 24,048 shares of the company’s stock worth $113,000 after acquiring an additional 2,196 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Byrna Technologies by 34.4% during the 1st quarter. Rhumbline Advisers now owns 16,877 shares of the company’s stock worth $138,000 after acquiring an additional 4,320 shares in the last quarter. Finally, Raymond James & Associates boosted its stake in shares of Byrna Technologies by 17.9% during the 1st quarter. Raymond James & Associates now owns 29,681 shares of the company’s stock worth $242,000 after acquiring an additional 4,508 shares in the last quarter. Hedge funds and other institutional investors own 26.84% of the company’s stock.
Byrna Technologies Price Performance
BYRN traded up $0.11 during trading on Friday, reaching $8.87. The company’s stock had a trading volume of 55,139 shares, compared to its average volume of 57,837. Byrna Technologies has a 52-week low of $4.50 and a 52-week high of $16.16. The company’s fifty day moving average price is $6.84 and its 200-day moving average price is $7.81.
Byrna Technologies (NASDAQ:BYRN – Get Rating) last announced its quarterly earnings data on Wednesday, October 5th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.08). Byrna Technologies had a negative net margin of 25.38% and a negative return on equity of 16.19%. The business had revenue of $12.42 million during the quarter, compared to analysts’ expectations of $12.39 million. Research analysts anticipate that Byrna Technologies will post -0.27 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on BYRN. Dawson James lowered their price target on Byrna Technologies from $12.00 to $9.50 in a report on Thursday, September 8th. B. Riley lowered their price target on Byrna Technologies from $19.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, October 6th. Finally, Raymond James lowered their price target on Byrna Technologies from $20.00 to $15.00 and set a “strong-buy” rating on the stock in a report on Thursday, October 6th.
Byrna Technologies Company Profile
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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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