Short Interest in Lyntris Inc. (NYSE:LYNX) Increases By ?

Lyntris Inc. (NYSE:LYNX) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 430,534 shares, an increase of ? from the August 15th total of 0 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 1,661,656 shares, the days-to-cover ratio is presently 0.3 days.

Lyntris Trading Up 1.4%

NYSE LYNX opened at $13.65 on Thursday. Lyntris has a 52 week low of $12.21 and a 52 week high of $16.00.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LYNX shares. Citigroup assumed coverage on Lyntris in a report on Monday. They set a “buy” rating and a $19.00 price target for the company. Robert W. Baird set a $18.00 target price on shares of Lyntris in a research note on Monday. UBS Group set a $21.00 price objective on shares of Lyntris in a report on Monday. Evercore assumed coverage on Lyntris in a report on Monday. They issued an “outperform” rating and a $22.00 target price for the company. Finally, Wall Street Zen upgraded shares of Lyntris to a “hold” rating in a research note on Saturday, August 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Lyntris currently has a consensus rating of “Moderate Buy” and an average price target of $19.86.

Insider Activity

In related news, major shareholder Trive Capital Holdings Llc sold 8,333,333 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $17.50, for a total value of $145,833,327.50. Following the sale, the insider owned 11,966,544 shares in the company, valued at $209,414,520. This represents a 41.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Brian Raduenz sold 98,445 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 $1,619,420.25. Following the completion of the sale, the director owned 177,203 shares in the company, valued at $2,914,989.35. The trade was a 35.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 8,912,282 shares of company stock worth $155,357,039.

Lyntris Company Profile

Lyntris Inc is a defense technology company delivering sense-to-act connectivity solutions for the modern, connected battlespace. Lyntris Inc is based in WASHINGTON.