Byrna Technologies Inc. (NASDAQ:BYRN) Short Interest Update

Byrna Technologies Inc. (NASDAQ:BYRN) was the target of a significant 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 trading volume of 569,000 shares, the days-to-cover ratio is currently 4.3 days. Currently, 14.3% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm restated a “buy” rating and issued a $20.00 target price on shares of Byrna Technologies in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $17.75.

Byrna Technologies Stock Up 0.5 %

Shares of BYRN stock traded up $0.16 on Friday, reaching $29.40. 276,568 shares of the stock were exchanged, compared to its average volume of 471,760. The stock 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 of $24.17 and a two-hundred day moving average of $16.96. Byrna Technologies has a 1-year low of $5.81 and a 1-year high of $31.32.

Hedge Funds Weigh In On Byrna Technologies

A number of large investors have recently modified their holdings of the company. Walleye Capital LLC increased its position in shares of Byrna Technologies by 1.3% during the third quarter. Walleye Capital LLC now owns 52,379 shares of the company’s stock worth $889,000 after acquiring an additional 665 shares during the last quarter. nVerses Capital LLC acquired a new position in shares of Byrna Technologies in the 3rd quarter valued at approximately $34,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Byrna Technologies by 4.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 50,958 shares of the company’s stock valued at $865,000 after buying an additional 2,021 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Byrna Technologies during the third quarter worth approximately $46,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of Byrna Technologies by 17.5% in the second quarter. Dimensional Fund Advisors LP now owns 20,016 shares of the company’s stock worth $200,000 after buying an additional 2,976 shares during the last quarter. 25.46% of the stock is currently owned by hedge funds and other institutional investors.

Byrna Technologies Company Profile

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.