Wrap Technologies, Inc. (NASDAQ:WRAP) Short Interest Up 743.9% in July

Wrap Technologies, Inc. (NASDAQ:WRAP) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 5,310,000 shares, agrowthof743.9% from the June 30th total of 629,200 shares. Based on an average daily volume of 159,300 shares, the short-interest ratio is currently 33.3 days. Approximately15.8% of the company’s stock are short sold. Approximately15.8% of the company’s stock are short sold. Based on an average daily volume of 159,300 shares, the short-interest ratio is currently 33.3 days.

Insider Buying and Selling at Wrap Technologies

In other news, major shareholder Elwood G. Norris sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $1.68, for a total transaction of $50,400.00. Following the completion of the sale, the insider directly owned 867,100 shares of the company’s stock, valued at $1,456,728. This trade represents a 3.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 18.57% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Two Sigma Securities LLC bought a new position in shares of Wrap Technologies in the 4th quarter valued at approximately $33,000. XTX Topco Ltd bought a new position in shares of Wrap Technologies in the fourth quarter valued at approximately $58,000. Jane Street Group LLC bought a new position in shares of Wrap Technologies in the fourth quarter valued at approximately $70,000. Marshall Wace LLP bought a new position in shares of Wrap Technologies in the fourth quarter valued at approximately $271,000. Finally, Caption Management LLC raised its position in shares of Wrap Technologies by 1,083.0% in the fourth quarter. Caption Management LLC now owns 162,462 shares of the company’s stock valued at $344,000 after purchasing an additional 178,990 shares during the period. Institutional investors own 8.82% of the company’s stock.

Wrap Technologies Stock Down 2.2%

NASDAQ WRAP opened at $1.34 on Friday. The stock has a market capitalization of $67.78 million, a PE ratio of -8.93 and a beta of 1.27. The company has a 50 day moving average price of $1.48 and a two-hundred day moving average price of $1.70. Wrap Technologies has a 12-month low of $1.29 and a 12-month high of $2.58.

Wrap Technologies Company Profile

Wrap Technologies, Inc, a public safety technology and services company, develops policing solutions to law enforcement and security personnel. The company's flagship product is BolaWrap 150, a handheld remote restraint device that discharges a seven and a half-foot Kevlar tether, entangling an individual from a range of 10-25 feet.