Short Interest in Byrna Technologies Inc. (NASDAQ:BYRN) Decreases By 12.4% – MarketBeat

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Byrna Technologies Inc. (NASDAQ:BYRN – Get Rating) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 559,700 shares, a decrease of 12.4% from the August 15th total of 638,600 shares. Approximately 3.3% of the shares of the company are short sold. Based on an average trading volume of 157,000 shares, the short-interest ratio is currently 3.6 days.

Analyst Ratings Changes

BYRN has been the topic of several research analyst reports. B. Riley decreased their price target on shares of Byrna Technologies from $23.00 to $19.00 and set a “buy” rating on the stock in a report on Friday, September 9th. Dawson James decreased their price target on shares of Byrna Technologies from $12.00 to $9.50 in a report on Thursday, September 8th.

Insiders Place Their Bets

In related news, insider Michael Wager bought 10,000 shares of the company’s stock in a transaction on Tuesday, July 12th. The shares were purchased at an average price of $7.76 per share, for a total transaction of $77,600.00. Following the completion of the transaction, the insider now directly owns 20,000 shares in the company, valued at approximately $155,200. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, insider Michael Wager bought 10,000 shares of the company’s stock in a transaction on Tuesday, July 12th. The shares were purchased at an average price of $7.76 per share, for a total transaction of $77,600.00. Following the completion of the transaction, the insider now directly owns 20,000 shares in the company, valued at approximately $155,200. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Bryan Ganz bought 13,000 shares of the company’s stock in a transaction on Tuesday, July 12th. The shares were bought at an average price of $7.64 per share, for a total transaction of $99,320.00. Following the transaction, the chief executive officer now owns 586,188 shares of the company’s stock, valued at $4,478,476.32. The disclosure for this purchase can be found here. Company insiders own 6.39% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Cornerstone Advisory LLC bought a new position in shares of Byrna Technologies during the fourth quarter valued at about $27,000. Amalgamated Bank bought a new position in shares of Byrna Technologies during the first quarter valued at about $25,000. Spartan Fund Management Inc. bought a new position in shares of Byrna Technologies during the second quarter valued at about $43,000. Rhumbline Advisers grew its stake in shares of Byrna Technologies by 34.4% during the first quarter. Rhumbline Advisers now owns 16,877 shares of the company’s stock valued at $138,000 after buying an additional 4,320 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Byrna Technologies during the first quarter valued at about $181,000. Institutional investors own 26.84% of the company’s stock.

Byrna Technologies Stock Up 2.4 %

BYRN opened at $6.44 on Friday. The stock has a market cap of $143.23 million, a PE ratio of -13.14 and a beta of 0.91. Byrna Technologies has a 52 week low of $5.89 and a 52 week high of $24.61. The business’s fifty day simple moving average is $8.53 and its 200 day simple moving average is $8.48.
Byrna Technologies (NASDAQ:BYRN – Get Rating) last released its earnings results on Thursday, July 7th. The company reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). The business had revenue of $11.62 million for the quarter, compared to analysts’ expectations of $11.50 million. Byrna Technologies had a negative return on equity of 13.17% and a negative net margin of 28.55%. As a group, equities analysts anticipate that Byrna Technologies will post -0.12 earnings per share for the current year.

Byrna Technologies Company Profile

(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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