Shares of the company are trading at $2.01 which is just a bit higher than the 50 day moving average which is $1.91 and which is significantly higher than the 200 day moving average of $1.71. The 50 day moving average was up by +5.24% whereas the 200 day average was up by +17.55%. LRAD Corporation shares had a trading volume of 2,887 on Tuesday. Trading volume was down 85.14% under the stocks average daily volume.
Investors are feeling more bullish on shares of LRAD Corporation recently looking at the change in short interest. The stock saw a fall in short interest of -25.25% as of the latest report on September 29, 2017. Short shares decreased from 81,913 to 61,230 over that period. With short interest at 61,230 and short average daily volume at 142,696, the short-interest ratio is 0.0 and the percentage of shorted shares is 0.00% as of September 29.
There has been some buying insider activity on LRAD Corporation (NASDAQ:LRAD) recently. Richard Hoe Iii Osgood, Director reported the purchase of 10,000 shares. The shares were bought on August 16th for an average price of $1.60. The Director now owns $224,000 of the stock per the Form 4 SEC filing.
The following firms have recently changed their position in LRAD. As of quarter end Tower Research Capital LLC (trc) had disposed of a total of 11,570 shares trimming its holdings by 87.4%. The value of the investment in (LRAD) decreased from $20,000 to $3,000 a change of 85.0% quarter over quarter. Spark Investment Management LLC cut its stake by selling 30,500 shares a decrease of 68.7% from 12/31/2016 to 06/30/2017. Spark Investment Management LLC currently owns 13,900 shares with a value of $23,000. The total value of its holdings decreased 69.3%.
National Planning Corp added to its investment by buying 950 shares an increase of 1.0% in the quarter. National Planning Corp controls 96,795 shares worth $163,000. The value of the position overall is up by 20.7%. Cutter & CO Brokerage, Inc. grew its holdings by buying 7,000 shares an increase of 22.2% as of 09/30/2017. Cutter & CO Brokerage, Inc. now holds 38,600 shares valued at $82,000. The value of the position overall is up by 51.9%.
LRAD Corporation, launched on March 5, 1992, is involved in the design, development and commercialization of directed sound technologies and products. The Company develops and delivers directed acoustic products that beam, focus and control sound over relatively short and long distances. Its long range acoustic device (LRAD) offers directional long-range acoustic hailing devices (AHDs). The Company offers a product line of directional LRAD products using its technologies. The Company offers a line of omnidirectional LRAD ONE VOICE speakers. Unlike its directional products, which have a narrow 15 to 30 degree beam of sound, the omnidirectional line offers products that project sound from 60 to 360 degrees to meet the needs of the global mass notification marketplace. As of September 30, 2016, the Company offered a range of directional and omnidirectional sound products, which met a range of requirements from communicating with and deterring threats over distances up to 600 meters with its hand-held LRAD 100X to distances up to 5,500 meters with its LRAD 2000X..