VirTra, Inc. (NASDAQ:VTSI) Stock Short Interest Rises 135.9%

VirTra, Inc. (NASDAQ:VTSI) was the target of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 106,227 shares, a growth of 135.9% from the September 30th total of 45,034 shares. Currently, 1.0% of the shares of the company are sold short. Based on an average trading volume of 43,464 shares, the short-interest ratio is currently 2.4 days.

Wall Street Analyst Weigh In

VTSI has been the subject of several analyst reports. Zacks Research raised VirTra from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of VirTra in a research report on Monday, September 21st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.00.

Institutional Inflows and Outflows

An institutional investor recently raised its position in VirTra stock. Dimensional Fund Advisors LP boosted its position in shares of VirTra, Inc. (NASDAQ:VTSI) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 331,462 shares of the company’s stock after buying an additional 7,408 shares during the period. Dimensional Fund Advisors LP owned 2.93% of VirTra worth $1,230,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 14.69% of the company’s stock.

VirTra Trading Down 4.3%

VTSI stock opened at $2.68 on Friday. VirTra has a 52-week low of $2.54 and a 52-week high of $6.08. The company has a quick ratio of 2.44, a current ratio of 3.89 and a debt-to-equity ratio of 0.25. The firm has a market cap of $30.34 million, a P/E ratio of -10.31 and a beta of 0.86. The company’s 50-day simple moving average is $2.85 and its 200-day simple moving average is $3.62.

VirTra (NASDAQ:VTSI) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.08. VirTra had a negative return on equity of 6.59% and a negative net margin of 17.04%. The company had revenue of $5.76 million for the quarter, compared to the consensus estimate of $3.54 million. As a group, equities analysts forecast that VirTra will post -0.14 EPS for the current fiscal year.

VirTra Company Profile

VirTra, Inc develops and provides immersive training systems designed to help law enforcement, military, government, and commercial organizations prepare for high-stakes interactions. Its technology focuses on firearms proficiency, judgment and decision-making, de-escalation, communication, and use-of-force training through interactive video-based scenarios.

The company’s product portfolio includes multi-screen and single-screen simulator platforms, firearms training systems, scenario-based software, and related weapons, accessories, and training content.