Short Interest in Byrna Technologies Inc. (NASDAQ:BYRN) Declines By 13.4%

Byrna Technologies Inc. (NASDAQ:BYRN) saw a significant drop in short interest in February. As of February 13th, there was short interest totaling 3,212,349 shares, a drop of 13.4% from the January 29th total of 3,709,896 shares. Approximately 15.7% of the company’s shares are short sold. Based on an average trading volume of 831,762 shares, the short-interest ratio is currently 3.9 days. Based on an average trading volume of 831,762 shares, the short-interest ratio is currently 3.9 days. Approximately 15.7% of the company’s shares are short sold.

Byrna Technologies Price Performance

Shares of NASDAQ BYRN opened at $12.72 on Thursday. Byrna Technologies has a 1 year low of $11.13 and a 1 year high of $34.30. The firm has a 50-day simple moving average of $14.88 and a two-hundred day simple moving average of $18.14. The company has a market cap of $288.36 million, a P/E ratio of 31.80 and a beta of 2.30.

Byrna Technologies (NASDAQ:BYRN) last issued its quarterly earnings results on Thursday, February 5th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.01. Byrna Technologies had a return on equity of 16.14% and a net margin of 8.20%.The firm had revenue of $35.25 million for the quarter, compared to the consensus estimate of $34.92 million. As a group, equities research analysts expect that Byrna Technologies will post 0.28 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research cut Byrna Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $41.67.

Institutional Trading of Byrna Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. grew its holdings in shares of Byrna Technologies by 138.6% in the third quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock worth $26,000 after purchasing an additional 672 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Byrna Technologies by 580.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 939 shares of the company’s stock valued at $29,000 after buying an additional 801 shares during the period. Comerica Bank bought a new position in Byrna Technologies in the 4th quarter worth about $40,000. AlphaQuest LLC increased its position in shares of Byrna Technologies by 1,825.8% during the third quarter. AlphaQuest LLC now owns 1,868 shares of the company’s stock worth $41,000 after acquiring an additional 1,771 shares during the period. Finally, NBC Securities Inc. increased its position in shares of Byrna Technologies by 226.4% during the fourth quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock worth $44,000 after acquiring an additional 1,811 shares during the period. 25.46% of the stock is currently owned by institutional investors.

About Byrna Technologies

Byrna Technologies, Inc (NASDAQ: BYRN) designs, develops and markets non-lethal personal security devices and accessories intended to provide an alternative to traditional firearms. The company’s flagship offerings deploy impact projectiles and chemical irritants in a compact, pistol-style form factor. Its product portfolio includes the Byrna SD and Byrna HD launchers, which utilize proprietary kinetic and irritant cartridges, as well as the lightweight Byrna Air, a CO₂-powered variant optimized for close-quarters defense.

In addition to its core self-defense launchers, Byrna Technologies supplies a range of consumables and support products, including cartridges loaded with pepper-based irritants, inert training rounds, holsters, safe-carry cases and speed loaders.