Lyntris Inc. (NYSE:LYNX) Stock Short Interest Report for September

by · The Cerbat Gem

Lyntris Inc. (NYSE:LYNX – Get Free Report) was the target of a large increase in short interest during the month of 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 shares of the stock are short sold. Based on an average daily volume of 450,478 shares, the short-interest ratio is presently 2.3 days.

Lyntris Stock Up 0.4%

Shares of Lyntris stock traded up $0.04 during trading hours on Friday, hitting $11.37. The company’s stock had a trading volume of 225,483 shares, compared to its average volume of 583,117. Lyntris has a twelve month low of $10.70 and a twelve month high of $16.00. The company’s fifty day simple moving average is $13.08.

Insiders Place Their Bets

In other news, CEO Brian Morrison sold 186,752 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $16.45, for a total value of $3,072,070.40. Following the completion of the sale, the chief executive officer directly owned 1,286,983 shares in the company, valued at $21,170,870.35. This represents a 12.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Tim Paulin sold 55,169 shares of the stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $16.45, for a total value of $907,530.05. Following the completion of the sale, the chief financial officer directly owned 496,525 shares of the company’s stock, valued at approximately $8,167,836.25. This represents a 10.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 8,912,282 shares of company stock valued at $155,357,039.

Analysts Set New Price Targets

LYNX has been the topic of several recent research reports. Guggenheim initiated coverage on shares of Lyntris in a research report on Monday, September 14th. They set a “buy” rating and a $20.00 price target on the stock. Evercore began coverage on shares of Lyntris in a research report on Monday, September 14th. They set an “outperform” rating and a $22.00 price objective for the company. UBS Group set a $21.00 price objective on shares of Lyntris in a research report on Monday, September 14th. William Blair assumed coverage on shares of Lyntris in a research note on Monday, September 14th. They set an “outperform” rating on the stock. Finally, Citigroup began coverage on shares of Lyntris in a report on Monday, September 14th. They issued a “buy” rating and a $19.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $19.86.

Check Out Our Latest Analysis on LYNX

About Lyntris

(Get Free Report)

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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