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

Byrna Technologies Inc. (NASDAQ:BYRN) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 3,212,349 shares, a decrease of 13.4% from the January 29th total of 3,709,896 shares. Currently, 15.7% of the shares of the company are sold short. Based on an average daily volume of 831,762 shares, the days-to-cover ratio is presently 3.9 days. Based on an average daily volume of 831,762 shares, the days-to-cover ratio is presently 3.9 days. Currently, 15.7% of the shares of the company are sold short.

Byrna Technologies Trading Down 1.7%

BYRN stock opened at $12.50 on Friday. The firm has a market cap of $283.38 million, a P/E ratio of 31.25 and a beta of 2.30. Byrna Technologies has a 1-year low of $11.13 and a 1-year high of $34.30. The business’s 50 day moving average is $14.79 and its 200-day moving average is $18.10.

Byrna Technologies (NASDAQ:BYRN) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.14 EPS for the quarter, beating 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 business had revenue of $35.25 million for the quarter, compared to analyst estimates of $34.92 million. Sell-side analysts forecast 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 investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $41.67.

Hedge Funds Weigh In On Byrna Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its holdings in shares of Byrna Technologies by 138.6% during the third quarter. SBI Securities Co. Ltd. now owns 1,157 shares of the company’s stock worth $26,000 after buying an additional 672 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Byrna Technologies by 580.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 939 shares of the company’s stock worth $29,000 after acquiring an additional 801 shares in the last quarter. Comerica Bank bought a new stake in Byrna Technologies during the 4th quarter worth approximately $40,000. AlphaQuest LLC grew its position in Byrna Technologies by 1,825.8% during the 3rd 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 last quarter. Finally, NBC Securities Inc. increased its holdings in Byrna Technologies by 226.4% during the 4th quarter. NBC Securities Inc. now owns 2,611 shares of the company’s stock valued at $44,000 after purchasing an additional 1,811 shares in the last quarter. 25.46% of the stock is currently owned by institutional investors and hedge funds.

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.