Short Interest in VirTra, Inc. (NASDAQ:VTSI) Rises By 27.7%

VirTra, Inc. (NASDAQ:VTSI) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 129,500 shares, an increase of 27.7% from the August 15th total of 101,400 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 158,500 shares, the days-to-cover ratio is presently 0.8 days.

Shares of VTSI opened at $9.43 on Wednesday. The company has a market capitalization of $101.89 million, a P/E ratio of 20.96, a P/E/G ratio of 0.76 and a beta of 1.13. VirTra has a one year low of $3.39 and a one year high of $10.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.93 and a current ratio of 3.38. The stock has a 50-day moving average price of $7.78 and a 200 day moving average price of $6.59.

VirTra (NASDAQ:VTSI) last issued its quarterly earnings results on Thursday, August 12th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.11. VirTra had a return on equity of 22.95% and a net margin of 16.11%. The firm had revenue of $5.26 million during the quarter, compared to the consensus estimate of $2.77 million. As a group, equities research analysts forecast that VirTra will post 0.3 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cutler Group LP acquired a new stake in VirTra during the second quarter valued at approximately $62,000. HighTower Advisors LLC acquired a new stake in shares of VirTra during the 1st quarter worth approximately $352,000. Millennium Management LLC acquired a new stake in shares of VirTra during the 1st quarter worth approximately $107,000. EAM Investors LLC acquired a new stake in shares of VirTra during the 1st quarter worth approximately $1,132,000. Finally, Geode Capital Management LLC raised its position in shares of VirTra by 109.3% during the 2nd quarter. Geode Capital Management LLC now owns 73,906 shares of the company’s stock worth $544,000 after purchasing an additional 38,600 shares during the period. Hedge funds and other institutional investors own 8.92% of the company’s stock.

A number of equities research analysts have issued reports on VTSI shares. Roth Capital boosted their price target on VirTra from $10.00 to $13.00 and gave the company a “buy” rating in a research report on Friday, August 13th. Maxim Group downgraded VirTra from a “buy” rating to a “hold” rating in a research report on Tuesday, July 13th. TheStreet downgraded VirTra from a “b-” rating to a “c” rating in a research report on Tuesday, August 17th. Lake Street Capital upped their target price on VirTra from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, August 13th. Finally, Zacks Investment Research raised VirTra from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a research report on Wednesday, August 18th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $10.75.

About VirTra

VirTra, Inc provides force training simulators, firearms training simulators, and driving simulators for law enforcement, military, educational, and commercial markets worldwide. The company's products comprise V-300 simulator, a 300 degree wrap-around screen for simulation training; V-180 simulator, a 180 degree screen for smaller spaces or budgets; V-100, a single-screen firearms training simulator system; V-100 MIL, a single-screen small arms training simulator; and V-ST PRO, a realistic single screen firearms shooting and skills training simulator.

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