Short Interest in VirTra, Inc. (NASDAQ:VTSI) Grows By 37.4%

VirTra, Inc. (NASDAQ:VTSI - Get Free Report) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 118,300 shares, an increase 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 presently 0.5 days. Approximately 1.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on VTSI. Lake Street Capital upped their price objective on VirTra from $9.00 to $13.00 and gave the stock a "buy" rating in a research note on Friday, December 29th. Roth Mkm upped their price objective on VirTra from $14.50 to $19.00 and gave the stock a "buy" rating in a research note on Wednesday, April 3rd.

VirTra Price Performance

Shares of NASDAQ VTSI traded up $1.18 during mid-day trading on Friday, reaching $13.20. The company's stock had a trading volume of 270,458 shares, compared to its average volume of 449,811. The stock has a fifty day moving average of $10.98 and a two-hundred day moving average of $9.37. VirTra has a 52 week low of $4.20 and a 52 week high of $16.97. The firm has a market capitalization of $146.65 million, a PE ratio of 17.37, a P/E/G ratio of 0.47 and a beta of 0.85. 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 (NASDAQ:VTSI - Get Free Report) last announced its quarterly earnings results on Monday, April 1st. The company reported $0.25 EPS 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 during the quarter, compared to analyst estimates of $9.95 million. As a group, sell-side analysts anticipate that VirTra will post 0.86 EPS for the current fiscal year.

Hedge Funds Weigh In On VirTra

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its stake in VirTra by 8.0% during the third quarter. Acadian Asset Management LLC now owns 45,935 shares of the company's stock valued at $255,000 after buying an additional 3,421 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in VirTra by 22.7% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 20,791 shares of the company's stock valued at $197,000 after buying an additional 3,841 shares during the last quarter. Ritholtz Wealth Management bought a new position in VirTra during the fourth quarter valued at approximately $98,000. Jump Financial LLC bought a new position in VirTra during the fourth quarter valued at approximately $104,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in VirTra during the fourth quarter valued at approximately $167,000. 14.69% of the stock is owned by institutional investors.

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.