Byrna Technologies Inc. (NASDAQ:BYRN) Short Interest Down 23.0% in August

Byrna Technologies Inc. (NASDAQ:BYRN) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 600,300 shares, a decline of 23.0% from the August 15th total of 779,200 shares. Approximately 3.4% of the company’s shares are sold short. Based on an average daily volume of 100,800 shares, the days-to-cover ratio is currently 6.0 days.

Wall Street Analysts Forecast Growth

Separately, Dawson James dropped their target price on Byrna Technologies from $9.50 to $7.25 in a report on Wednesday, July 12th.

Byrna Technologies Trading Down 3.0 %

Shares of BYRN traded down $0.10 during trading hours on Monday, hitting $3.21. The company had a trading volume of 42,591 shares, compared to its average volume of 83,215. The company has a market capitalization of $70.56 million, a PE ratio of -13.96 and a beta of 1.41. Byrna Technologies has a one year low of $3.07 and a one year high of $10.38. The company’s fifty day moving average price is $3.58 and its two-hundred day moving average price is $5.19.

Byrna Technologies (NASDAQ:BYRN) last announced its earnings results on Tuesday, July 11th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. Byrna Technologies had a negative return on equity of 13.12% and a negative net margin of 10.21%. The company had revenue of $11.51 million for the quarter, compared to analyst estimates of $12.41 million. Analysts forecast that Byrna Technologies will post -0.22 earnings per share for the current year.

Institutional Trading of Byrna Technologies

Several large investors have recently added to or reduced their stakes in BYRN. FNY Investment Advisers LLC boosted its stake in shares of Byrna Technologies by 15.2% in the first quarter. FNY Investment Advisers LLC now owns 773,052 shares of the company’s stock worth $5,867,000 after buying an additional 102,162 shares during the last quarter. 683 Capital Management LLC purchased a new stake in shares of Byrna Technologies in the fourth quarter worth about $161,000. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Byrna Technologies by 1.3% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 292,275 shares of the company’s stock worth $2,291,000 after buying an additional 3,650 shares during the last quarter. Boothbay Fund Management LLC purchased a new stake in shares of Byrna Technologies in the fourth quarter worth about $84,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Byrna Technologies in the first quarter worth about $48,000. Hedge funds and other institutional investors own 26.58% of the company’s stock.

About Byrna Technologies

Byrna Technologies Inc, a non-lethal defense technology company, provides non-lethal alternative solutions for law enforcement and private security. It 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.