DEFSEC Technologies Inc. (NASDAQ:DFSC) Short Interest Update

DEFSEC Technologies Inc. (NASDAQ:DFSC) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 126,838 shares, an increase of 1,593.0% from the April 15th total of 7,492 shares. Based on an average daily volume of 311,569 shares, the days-to-cover ratio is presently 0.4 days. Approximately 8.9% of the shares of the company are short sold.

DEFSEC Technologies Stock Up 8.0%

Shares of NASDAQ:DFSC traded up $0.32 during trading on Monday, hitting $4.34. The stock had a trading volume of 169,244 shares, compared to its average volume of 210,222. DEFSEC Technologies has a 12-month low of $1.62 and a 12-month high of $15.37. The stock has a market capitalization of $6.21 million, a price-to-earnings ratio of -0.44 and a beta of 2.47. The stock has a 50-day simple moving average of $2.41 and a two-hundred day simple moving average of $2.57.

DEFSEC Technologies (NASDAQ:DFSC) last announced its quarterly earnings data on Thursday, February 12th. The company reported ($1.00) earnings per share (EPS) for the quarter. The firm had revenue of $0.94 million during the quarter. DEFSEC Technologies had a negative return on equity of 125.96% and a negative net margin of 154.40%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in DEFSEC Technologies stock. Warberg Asset Management LLC purchased a new stake in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 28,950 shares of the company’s stock, valued at approximately $103,000. Warberg Asset Management LLC owned approximately 2.07% of DEFSEC Technologies at the end of the most recent quarter. Hedge funds and other institutional investors own 21.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of DEFSEC Technologies in a research note on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, DEFSEC Technologies has an average rating of “Sell”.

DEFSEC Technologies Company Profile

DEFSEC develops and commercializes breakthrough next-generation tactical systems for military and security forces. The Company’s current portfolio of offerings includes digitization of tactical forces for real-time shared situational awareness and targeting information from any source (including drones) streamed directly to users’ smart devices and weapons. Other DEFSEC products include countermeasures against threats such as electronic detection, lasers and drones. These systems can operate stand-alone or integrate seamlessly with OEM products and battlefield management systems, and all come integrated with TAK.