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

VirTra, Inc. (NASDAQ:VTSI) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 118,300 shares, a growth of 37.4% from the March 31st total of 86,100 shares. Based on an average trading volume of 234,600 shares, the short-interest ratio is currently 0.5 days. Currently, 1.1% of the shares of the stock are short sold.

VirTra Trading Up 9.8 %

Shares of NASDAQ VTSI opened at $13.20 on Friday. The business’s 50 day moving average is $10.98 and its two-hundred day moving average is $9.34. The company has a debt-to-equity ratio of 0.18, a current ratio of 3.11 and a quick ratio of 2.32. VirTra has a 1-year low of $4.20 and a 1-year high of $16.97. The stock has a market capitalization of $146.65 million, a P/E ratio of 17.37, a PEG ratio of 0.47 and a beta of 0.85.

VirTra (NASDAQ:VTSI) last issued its quarterly earnings data on Monday, April 1st. The company reported $0.25 earnings per share for the quarter. VirTra had a return on equity of 21.41% and a net margin of 22.09%. The company had revenue of $10.12 million for the quarter, compared to analysts’ expectations of $9.95 million. As a group, research analysts expect that VirTra will post 0.86 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VTSI. Quadrature Capital Ltd grew its stake in shares of VirTra by 49.1% during the fourth quarter. Quadrature Capital Ltd now owns 62,157 shares of the company’s stock valued at $589,000 after buying an additional 20,464 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of VirTra in the third quarter valued at approximately $103,000. Hillsdale Investment Management Inc. purchased a new stake in shares of VirTra in the fourth quarter valued at approximately $167,000. Jump Financial LLC purchased a new stake in shares of VirTra in the fourth quarter valued at approximately $104,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of VirTra in the fourth quarter valued at approximately $98,000. Institutional investors own 14.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Lake Street Capital lifted their target price on VirTra from $9.00 to $13.00 and gave the stock a “buy” rating in a report on Friday, December 29th. Roth Mkm lifted their target price on VirTra from $14.50 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd.

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.