Short Interest in Byrna Technologies Inc. (NASDAQ:BYRN) Declines By 20.1%

Byrna Technologies Inc. (NASDAQ:BYRN) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 2,470,000 shares, a decrease of 20.1% from the December 15th total of 3,090,000 shares. Approximately 14.3% of the shares of the company are short sold. Based on an average daily trading volume, of 569,000 shares, the short-interest ratio is presently 4.3 days.

Byrna Technologies Price Performance

BYRN stock traded up $0.16 on Friday, reaching $29.40. The company’s stock had a trading volume of 276,568 shares, compared to its average volume of 471,760. Byrna Technologies has a 52 week low of $5.81 and a 52 week high of $31.32. The firm has a fifty day moving average of $24.17 and a two-hundred day moving average of $16.96. The company has a market capitalization of $669.09 million, a P/E ratio of 326.70 and a beta of 1.67.

Analysts Set New Price Targets

Separately, Roth Mkm reaffirmed a “buy” rating and set a $20.00 target price on shares of Byrna Technologies in a report on Wednesday, October 30th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $17.75.

Institutional Investors Weigh In On Byrna Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC raised its stake in shares of Byrna Technologies by 47.9% in the 3rd quarter. FMR LLC now owns 1,694,610 shares of the company’s stock worth $28,758,000 after buying an additional 548,670 shares in the last quarter. Divisadero Street Capital Management LP bought a new position in shares of Byrna Technologies during the 2nd quarter valued at about $2,693,000. Millennium Management LLC grew its stake in shares of Byrna Technologies by 53.5% in the 2nd quarter. Millennium Management LLC now owns 321,915 shares of the company’s stock worth $3,213,000 after purchasing an additional 112,262 shares during the last quarter. State Street Corp raised its holdings in shares of Byrna Technologies by 36.9% in the 3rd quarter. State Street Corp now owns 314,315 shares of the company’s stock worth $5,334,000 after purchasing an additional 84,723 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Byrna Technologies during the 2nd quarter valued at $786,000. 25.46% of the stock is currently owned by institutional investors.

Byrna Technologies Company Profile

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