Lyntris Inc. (NYSE:LYNX – Get Free Report) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 1,021,182 shares, an increase of 75.6% from the September 15th total of 581,389 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 450,478 shares, the days-to-cover ratio is presently 2.3 days.
Lyntris Stock Performance
Lyntris stock traded down $0.08 during trading hours on Thursday, reaching $11.33. The stock had a trading volume of 43,193 shares, compared to its average volume of 571,089. The stock has a 50 day moving average of $13.16. Lyntris has a 52 week low of $10.70 and a 52 week high of $16.00.
Analyst Upgrades and Downgrades
LYNX has been the subject of several recent research reports. Guggenheim initiated coverage on Lyntris in a report on Monday, September 14th. They issued a “buy” rating and a $20.00 price objective for the company. William Blair started coverage on shares of Lyntris in a research note on Monday, September 14th. They issued an “outperform” rating for the company. Citigroup initiated coverage on shares of Lyntris in a report on Monday, September 14th. They set a “buy” rating and a $19.00 target price on the stock. Robert W. Baird set a $18.00 target price on shares of Lyntris in a research report on Monday, September 14th. Finally, Raymond James Financial began coverage on shares of Lyntris in a research report on Monday, September 14th. They set an “outperform” rating and a $18.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.86.
Insider Activity at Lyntris
In other Lyntris news, Director Brian Raduenz sold 98,445 shares of the firm’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 $1,619,420.25. Following the transaction, the director directly owned 177,203 shares in the company, valued at $2,914,989.35. This trade represents a 35.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian Morrison sold 186,752 shares of Lyntris 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 directly owned 1,286,983 shares of the company’s stock, valued at approximately $21,170,870.35. This trade represents a 12.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 8,912,282 shares of company stock worth $155,357,039 over the last three months.
Lyntris Company Profile
Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.
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