Lyntris Inc. (NYSE:LYNX) Stock Short Interest Climbs 75.6%

Lyntris Inc. (NYSE:LYNX) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 1,021,182 shares, a growth of 75.6% from the September 15th total of 581,389 shares. Based on an average daily trading volume, of 450,478 shares, the days-to-cover ratio is currently 2.3 days. Currently, 0.9% of the shares of the company are sold short.

Lyntris Stock Performance

NYSE:LYNX traded up $0.04 during trading hours on Friday, hitting $11.37. 225,483 shares of the company’s stock traded hands, compared to its average volume of 517,246. Lyntris has a 52 week low of $10.70 and a 52 week high of $16.00. The company has a fifty day moving average of $13.08.

Insiders Place Their Bets

In related news, CFO Tim Paulin sold 55,169 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $16.45, for a total transaction of $907,530.05. Following the sale, the chief financial officer directly owned 496,525 shares in the company, valued at approximately $8,167,836.25. The trade was a 10.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Morrison sold 186,752 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $16.45, for a total value of $3,072,070.40. Following the sale, the chief executive officer owned 1,286,983 shares in the company, valued at approximately $21,170,870.35. The trade was a 12.67% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 8,912,282 shares of company stock valued at $155,357,039.

Analysts Set New Price Targets

LYNX has been the subject of a number of recent analyst reports. Zacks Research raised Lyntris to a “hold” rating in a report on Tuesday, September 15th. Guggenheim initiated coverage on shares of Lyntris in a report on Monday, September 14th. They issued a “buy” rating and a $20.00 price target on the stock. UBS Group set a $21.00 price objective on shares of Lyntris in a research report on Monday, September 14th. William Blair started coverage on shares of Lyntris in a research note on Monday, September 14th. They set an “outperform” rating for the company. Finally, Raymond James Financial assumed coverage on shares of Lyntris in a research note on Monday, September 14th. They set an “outperform” rating and a $18.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.86.

About Lyntris

Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.