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

VirTra, Inc. (NASDAQ:VTSI – Get Free Report) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 106,227 shares, a growth of 135.9% from the September 30th total of 45,034 shares. Based on an average daily volume of 43,464 shares, the short-interest ratio is currently 2.4 days. Approximately 1.0% of the shares of the stock are sold short.

VirTra Trading Down 2.6%

Shares of VTSI opened at $2.61 on Friday. 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 simple moving average of $2.84 and a two-hundred day simple moving average of $3.60. VirTra has a twelve month low of $2.54 and a twelve month high of $6.08.

VirTra (NASDAQ:VTSI – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.08. The firm had revenue of $5.76 million for the quarter, compared to analysts’ expectations 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, equities analysts predict that VirTra will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in VirTra stock. Diversify Wealth Management LLC bought a new stake in shares of VirTra, Inc. (NASDAQ:VTSI – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,249 shares of the company’s stock, valued at approximately $49,000. Diversify Wealth Management LLC owned approximately 0.12% of VirTra as of its most recent SEC filing. 14.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VTSI has been the topic of several recent research reports. Zacks Research upgraded VirTra from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. Weiss Ratings restated a “sell (d)” rating on shares of VirTra in a research report on Monday, September 21st. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $5.00.

View Our Latest Stock Report on VirTra

VirTra Company Profile

(Get Free Report)

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.

Further Reading

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