Byrna Technologies Inc. (NASDAQ:BYRN) Sees Large Decline in Short Interest

Byrna Technologies Inc. (NASDAQ:BYRN) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 2,470,000 shares, a decrease of 20.1% from the December 15th total of 3,090,000 shares. Based on an average daily trading volume, of 569,000 shares, the days-to-cover ratio is presently 4.3 days. Approximately 14.3% of the company’s shares are short sold.

Institutional Trading of Byrna Technologies

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of Byrna Technologies in the 4th quarter valued at $134,000. Hennion & Walsh Asset Management Inc. acquired a new position in Byrna Technologies in the fourth quarter valued at about $616,000. Silverleafe Capital Partners LLC bought a new position in Byrna Technologies during the fourth quarter worth about $353,000. Barclays PLC grew its position in shares of Byrna Technologies by 321.5% during the 3rd quarter. Barclays PLC now owns 24,719 shares of the company’s stock worth $419,000 after buying an additional 18,855 shares during the period. Finally, State Street Corp increased its stake in shares of Byrna Technologies by 36.9% in the 3rd quarter. State Street Corp now owns 314,315 shares of the company’s stock valued at $5,334,000 after acquiring an additional 84,723 shares during the last quarter. Institutional investors and hedge funds own 25.46% of the company’s stock.

Byrna Technologies Trading Up 0.5 %

Shares of NASDAQ:BYRN traded up $0.16 during trading on Friday, hitting $29.40. 276,568 shares of the company’s stock were exchanged, compared to its average volume of 471,760. The firm has a market cap of $669.09 million, a P/E ratio of 326.70 and a beta of 1.67. The firm has a 50-day moving average price of $24.17 and a two-hundred day moving average price of $16.96. Byrna Technologies has a 1-year low of $5.81 and a 1-year high of $31.32.

Analyst Ratings Changes

Separately, Roth Mkm reissued a “buy” rating and issued a $20.00 target price on shares of Byrna Technologies in a research note on Wednesday, October 30th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $17.75.

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.