LRAD Corp (NASDAQ:LRAD) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 68,800 shares, an increase of 6.2% from the June 30th total of 64,800 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 84,400 shares, the days-to-cover ratio is currently 0.8 days.

Several analysts recently weighed in on LRAD shares. Oppenheimer started coverage on shares of LRAD in a research report on Tuesday, July 2nd. They issued an “outperform” rating and a $5.00 price objective on the stock. UBS Group started coverage on shares of LRAD in a research report on Tuesday, July 2nd. They issued an “outperform” rating and a $5.00 price objective on the stock. Finally, CIBC started coverage on shares of LRAD in a research report on Tuesday, July 2nd. They issued an “outperform” rating and a $5.00 price objective on the stock.

In related news, major shareholder Awm Investment Company, Inc. sold 100,000 shares of LRAD stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $4.02, for a total value of $402,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 3.80% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Pointe Capital Management LLC bought a new stake in shares of LRAD during the 2nd quarter worth about $33,000. Marshall Wace LLP bought a new stake in shares of LRAD during the 1st quarter worth about $35,000. WealthTrust Axiom LLC raised its position in shares of LRAD by 53.0% during the 2nd quarter. WealthTrust Axiom LLC now owns 15,300 shares of the scientific and technical instruments company’s stock worth $50,000 after buying an additional 5,300 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of LRAD by 306.9% during the 2nd quarter. Wells Fargo & Company MN now owns 28,485 shares of the scientific and technical instruments company’s stock worth $94,000 after buying an additional 21,485 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. bought a new stake in shares of LRAD during the 2nd quarter worth about $112,000. Institutional investors own 48.16% of the company’s stock.

NASDAQ:LRAD traded down $0.14 during mid-day trading on Thursday, hitting $3.47. The stock had a trading volume of 133,042 shares, compared to its average volume of 101,232. The stock has a market capitalization of $129.64 million, a price-to-earnings ratio of -57.83 and a beta of 0.62. The company has a 50 day simple moving average of $3.85 and a 200-day simple moving average of $3.17. LRAD has a 52 week low of $2.08 and a 52 week high of $4.24.

LRAD (NASDAQ:LRAD) last issued its quarterly earnings data on Monday, August 12th. The scientific and technical instruments company reported $0.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.01). The firm had revenue of $8.86 million during the quarter, compared to the consensus estimate of $11.10 million. LRAD had a net margin of 1.29% and a return on equity of 1.26%. Equities research analysts anticipate that LRAD will post 0.06 EPS for the current year.

About LRAD

LRAD Corporation designs, develops, and commercializes directed sound technologies and products in North and South America, Europe, the Middle East, Africa, and Asia. It develops directed acoustic communication systems that focus sound over short and long distances. The company offers directional and omnidirectional acoustic systems and accessories.

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