VirTra, Inc. (NASDAQ:VTSI) Stock Short Interest Climbs 135.9%

VirTra, Inc. (NASDAQ:VTSI) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 106,227 shares, an increase of 135.9% from the September 30th total of 45,034 shares. Based on an average trading volume of 43,464 shares, the days-to-cover ratio is currently 2.4 days. Approximately 1.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its position in VirTra stock. Dimensional Fund Advisors LP boosted its position in shares of VirTra, Inc. (NASDAQ:VTSI) by 2.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 331,462 shares of the company’s stock after buying an additional 7,408 shares during the period. Dimensional Fund Advisors LP owned 2.93% of VirTra worth $1,230,000 as of its most recent SEC filing. 14.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Zacks Research raised VirTra from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. Weiss Ratings reissued a “sell (d)” rating on shares of VirTra in a report on Monday, September 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, VirTra presently has a consensus rating of “Hold” and an average price target of $5.00.

VirTra Price Performance

Shares of VTSI opened at $2.61 on Friday. VirTra has a 1-year low of $2.54 and a 1-year high of $6.08. The stock has a market cap of $29.55 million, a PE ratio of -10.04 and a beta of 0.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 3.89 and a quick ratio of 2.44. The firm has a fifty day moving average price of $2.84 and a 200 day moving average price of $3.60.

VirTra (NASDAQ:VTSI) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.08. The company had revenue of $5.76 million during the quarter, compared to the consensus estimate of $3.54 million. VirTra had a negative net margin of 17.04% and a negative return on equity of 6.59%. As a group, sell-side analysts anticipate that VirTra will post -0.14 EPS for the current year.

VirTra Company Profile

VirTra, Inc develops and provides immersive training systems designed to help law enforcement, military, government, and commercial organizations prepare for high-stakes interactions. Its technology focuses on firearms proficiency, judgment and decision-making, de-escalation, communication, and use-of-force training through interactive video-based scenarios.

The company’s product portfolio includes multi-screen and single-screen simulator platforms, firearms training systems, scenario-based software, and related weapons, accessories, and training content.