Byrna Technologies Inc. (NASDAQ:BYRN) Short Interest Up 15.3% in April

Byrna Technologies Inc. (NASDAQ:BYRN) was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 931,600 shares, an increase of 15.3% from the March 31st total of 807,800 shares. Currently, 5.4% of the shares of the stock are short sold. Based on an average daily volume of 235,200 shares, the short-interest ratio is presently 4.0 days.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BYRN. LADENBURG THALM/SH SH upped their target price on shares of Byrna Technologies from $12.75 to $16.25 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. B. Riley restated a “buy” rating and set a $17.00 target price (up previously from $14.00) on shares of Byrna Technologies in a research report on Monday, April 8th. Finally, TheStreet upgraded shares of Byrna Technologies from a “d+” rating to a “c-” rating in a research report on Thursday, March 7th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Byrna Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $13.50.

Insider Transactions at Byrna Technologies

In other news, insider Herbert Hughes sold 5,229 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $12.03, for a total value of $62,904.87. Following the completion of the sale, the insider now directly owns 137,416 shares of the company’s stock, valued at $1,653,114.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 8.44% of the company’s stock.

Institutional Investors Weigh In On Byrna Technologies

Institutional investors have recently made changes to their positions in the company. Spartan Fund Management Inc. purchased a new position in Byrna Technologies in the 4th quarter worth about $32,000. Wealthspire Advisors LLC increased its position in Byrna Technologies by 3.7% during the 3rd quarter. Wealthspire Advisors LLC now owns 563,079 shares of the company’s stock valued at $1,261,000 after purchasing an additional 20,000 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Byrna Technologies by 55.1% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 56,707 shares of the company’s stock valued at $127,000 after purchasing an additional 20,138 shares during the period. Federated Hermes Inc. increased its position in Byrna Technologies by 33.3% during the 3rd quarter. Federated Hermes Inc. now owns 160,000 shares of the company’s stock valued at $358,000 after purchasing an additional 40,000 shares during the period. Finally, M&T Bank Corp boosted its holdings in shares of Byrna Technologies by 48.2% in the 4th quarter. M&T Bank Corp now owns 166,042 shares of the company’s stock valued at $1,062,000 after buying an additional 54,028 shares in the last quarter. Institutional investors own 25.46% of the company’s stock.

Byrna Technologies Price Performance

BYRN stock traded down $0.78 during trading on Monday, hitting $12.88. 252,158 shares of the company’s stock traded hands, compared to its average volume of 206,303. Byrna Technologies has a 52 week low of $2.19 and a 52 week high of $15.34. The business has a fifty day simple moving average of $12.92 and a 200 day simple moving average of $8.45.

Byrna Technologies (NASDAQ:BYRN) last released its earnings results on Friday, April 5th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.11) by $0.12. The firm had revenue of $16.65 million during the quarter, compared to analyst estimates of $16.65 million. Byrna Technologies had a negative net margin of 11.83% and a negative return on equity of 13.16%. Analysts anticipate that Byrna Technologies will post -0.02 earnings per share for the current fiscal year.

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.