VirTra, Inc. (NASDAQ:VTSI) Sees Large Growth in Short Interest

VirTra, Inc. (NASDAQ:VTSI) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 118,300 shares, an increase of 37.4% from the March 31st total of 86,100 shares. Currently, 1.1% of the shares of the company are short sold. Based on an average daily volume of 234,600 shares, the days-to-cover ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on VTSI shares. Roth Mkm boosted their target price on shares of VirTra from $14.50 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Lake Street Capital boosted their target price on shares of VirTra from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Friday, December 29th.

VirTra Stock Up 9.8 %

VTSI stock opened at $13.20 on Friday. VirTra has a 52 week low of $4.20 and a 52 week high of $16.97. The company has a market capitalization of $146.65 million, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 0.47 and a beta of 0.85. The firm’s 50-day moving average is $10.98 and its two-hundred day moving average is $9.34. The company has a current ratio of 3.11, a quick ratio of 2.32 and a debt-to-equity ratio of 0.18.

VirTra (NASDAQ:VTSI) last released its quarterly earnings results on Monday, April 1st. The company reported $0.25 EPS for the quarter. VirTra had a net margin of 22.09% and a return on equity of 21.41%. The company had revenue of $10.12 million for the quarter, compared to the consensus estimate of $9.95 million. On average, analysts forecast that VirTra will post 0.86 earnings per share for the current fiscal year.

Institutional Trading of VirTra

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd raised its holdings in shares of VirTra by 49.1% in the 4th 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. Acadian Asset Management LLC raised its holdings in shares of VirTra by 8.0% in the 3rd quarter. Acadian Asset Management LLC now owns 45,935 shares of the company’s stock worth $255,000 after purchasing an additional 3,421 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of VirTra by 22.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 20,791 shares of the company’s stock worth $197,000 after purchasing an additional 3,841 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of VirTra during the third quarter valued at approximately $103,000. Finally, Hillsdale Investment Management Inc. acquired a new stake in shares of VirTra during the fourth quarter valued at approximately $167,000. 14.69% of the stock is currently owned by institutional investors.

About VirTra

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.