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Shares of TASER International (NASDAQ:TASR) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 2,735,615 shares, a decline of 23.9% from the July 15th total of 3,596,046 shares, Stock Ratings Network reports. Approximately 5.2% of the company’s shares are short sold. Based on an average trading volume of 1,274,608 shares, the days-to-cover ratio is currently 2.1 days.

TASR has been the subject of a number of recent research reports. Analysts at Dougherty & Co upgraded shares of TASER International from a “neutral” rating to a “buy” rating in a research note on Thursday, August 7th. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of TASER International from $18.50 to $17.00 in a research note on Friday, August 1st. They now have an “overweight” rating on the stock. Finally, analysts at TheStreet downgraded shares of TASER International to a “hold” rating in a research note on Monday, July 14th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. TASER International has a consensus rating of “Hold” and an average target price of $17.00.

TASER International (NASDAQ:TASR) opened at 12.71 on Friday. TASER International has a 52-week low of $9.89 and a 52-week high of $20.83. The stock has a 50-day moving average of $11.99 and a 200-day moving average of $15.22. The company has a market cap of $667.7 million and a price-to-earnings ratio of 37.57.

TASER International (NASDAQ:TASR) last announced its earnings results on Wednesday, July 30th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.06 by $0.01. The company had revenue of $37.20 million for the quarter, compared to the consensus estimate of $37.50 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis. Analysts expect that TASER International will post $0.33 EPS for the current fiscal year.

TASER International, Inc (NASDAQ:TASR) is engaged in development, manufacture and sale of electronic control devices (ECDs) designed for use in the law enforcement, military, corrections, private security and personal defense markets.

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