Draganfly Inc. (NASDAQ:DPRO) Sees Significant Drop in Short Interest

Draganfly Inc. (NASDAQ:DPRO) saw a significant decline in short interest in February. As of February 15th, there was short interest totalling 94,400 shares, a decline of 33.4% from the January 31st total of 141,800 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average trading volume of 391,000 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Separately, HC Wainwright increased their target price on shares of Draganfly from $5.00 to $7.00 and gave the company a “buy” rating in a report on Monday, December 23rd.

Institutional Trading of Draganfly

Hedge funds have recently bought and sold shares of the business. Ground Swell Capital LLC purchased a new stake in shares of Draganfly during the 3rd quarter valued at $28,000. Virtu Financial LLC purchased a new stake in Draganfly during the fourth quarter worth about $51,000. Integrated Advisors Network LLC bought a new stake in Draganfly in the third quarter worth about $52,000. Finally, Kieckhefer Group LLC purchased a new position in Draganfly in the fourth quarter valued at about $467,000. 10.39% of the stock is currently owned by institutional investors.

Draganfly Stock Performance

Shares of NASDAQ DPRO traded down $0.25 during midday trading on Monday, reaching $2.12. The company’s stock had a trading volume of 180,663 shares, compared to its average volume of 188,937. The stock has a market capitalization of $4.18 million, a P/E ratio of -0.52 and a beta of 2.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.94 and a quick ratio of 1.54. The firm has a 50 day moving average price of $3.46 and a 200-day moving average price of $3.11. Draganfly has a 12-month low of $1.55 and a 12-month high of $9.13.

Draganfly Company Profile

Draganfly Inc develops, manufactures, and sells cutting-edge unmanned and remote data collection and analysis platforms and systems in the United States and Canada. The company offers quad-?copters, ???fixed wing ?aircrafts, ground based robots, handheld controllers, and flight training, as well as software ?used for tracking, live ???streaming, ?and data collection.