KWESST Micro Systems Inc. (NASDAQ:KWE) Short Interest Update

Posted by James Quigley on Nov 15th, 2024

KWESST Micro Systems Inc. (NASDAQ:KWE – Get Free Report) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 378,300 shares, an increase of 1,901.6% from the October 15th total of 18,900 shares. Approximately 23.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 270,900 shares, the days-to-cover ratio is presently 1.4 days.

Hedge Funds Weigh In On KWESST Micro Systems

An institutional investor recently bought a new position in KWESST Micro Systems stock. Warberg Asset Management LLC bought a new stake in KWESST Micro Systems Inc. (NASDAQ:KWE – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 112,300 shares of the company’s stock, valued at approximately $52,000. Warberg Asset Management LLC owned about 1.01% of KWESST Micro Systems at the end of the most recent quarter. 21.39% of the stock is owned by hedge funds and other institutional investors.

KWESST Micro Systems Trading Down 9.9 %

Shares of NASDAQ:KWE traded down $0.07 on Thursday, reaching $0.67. 185,123 shares of the company were exchanged, compared to its average volume of 277,657. The company has a 50-day moving average of $1.34 and a 200-day moving average of $3.06. The firm has a market cap of $1.06 million, a price-to-earnings ratio of -0.09 and a beta of 1.52. KWESST Micro Systems has a 1-year low of $0.65 and a 1-year high of $16.73.

KWESST Micro Systems (NASDAQ:KWE – Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($1.00) earnings per share for the quarter. The company had revenue of $0.24 million for the quarter. KWESST Micro Systems had a negative return on equity of 478.39% and a negative net margin of 711.72%.

KWESST Micro Systems Company Profile

(Get Free Report)

KWESST Micro Systems Inc engages in the development and commercialization of tactical systems and ammunitions for military, public safety agencies, and personal defense markets. It provides non-lethal products, including PARA OPS devices and ARWEN products. The company was incorporated in 2017 and is headquartered in Ottawa, Canada.