VirTra, Inc. (NASDAQ:VTSI) Short Interest Update

VirTra, Inc. (NASDAQ:VTSI) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 428,100 shares, a decrease of 13.2% from the June 15th total of 493,400 shares. Approximately 4.1% of the shares of the company are sold short. Based on an average daily trading volume, of 276,800 shares, the short-interest ratio is presently 1.5 days.

VirTra Trading Up 9.3 %

Shares of VirTra stock opened at $9.02 on Tuesday. The company has a quick ratio of 2.46, a current ratio of 3.31 and a debt-to-equity ratio of 0.18. The firm has a market cap of $100.21 million, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 1.16 and a beta of 0.66. VirTra has a 52-week low of $4.20 and a 52-week high of $17.68. The company’s 50-day simple moving average is $9.56 and its 200-day simple moving average is $10.81.

VirTra (NASDAQ:VTSI) last posted its quarterly earnings results on Tuesday, May 14th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). VirTra had a net margin of 18.48% and a return on equity of 16.25%. The business had revenue of $8.09 million during the quarter, compared to analyst estimates of $10.03 million. During the same period in the prior year, the business earned $0.27 earnings per share. As a group, equities research analysts anticipate that VirTra will post 0.71 earnings per share for the current year.

Hedge Funds Weigh In On VirTra

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. grew its position in VirTra by 22.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 20,791 shares of the company’s stock worth $197,000 after buying an additional 3,841 shares during the period. Ritholtz Wealth Management acquired a new stake in shares of VirTra in the 4th quarter worth approximately $98,000. Jump Financial LLC purchased a new position in VirTra in the 4th quarter valued at approximately $104,000. Hillsdale Investment Management Inc. acquired a new position in VirTra during the fourth quarter worth $167,000. Finally, Quadrature Capital Ltd boosted its position in VirTra by 49.1% during the fourth quarter. Quadrature Capital Ltd now owns 62,157 shares of the company’s stock worth $589,000 after purchasing an additional 20,464 shares in the last quarter. 14.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on VTSI. Lake Street Capital upped their price objective on VirTra from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th. Roth Mkm restated a “buy” rating and set a $19.00 price target on shares of VirTra in a research note on Wednesday, May 15th.

VirTra Company Profile

VirTra, Inc provides use of force training and firearms training simulators for the law enforcement, military, and commercial markets worldwide. Its patented technologies, software, and scenarios provide intense training for de-escalation, judgmental use-of-force, marksmanship, and related training that mimics real-world situations.