Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) Short Interest Update

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 3,560,444 shares, an increase of 67.1% from the May 14th total of 2,130,737 shares. Based on an average trading volume of 5,249,754 shares, the days-to-cover ratio is currently 0.7 days. Approximately 6.1% of the company’s shares are short sold.

Ageagle Aerial Systems Price Performance

UAVS stock traded down $0.02 during midday trading on Tuesday, reaching $0.89. The company’s stock had a trading volume of 1,279,836 shares, compared to its average volume of 3,731,951. Ageagle Aerial Systems has a 52 week low of $0.81 and a 52 week high of $3.61. The business’s 50-day simple moving average is $1.04 and its 200-day simple moving average is $1.09.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.06) earnings per share (EPS) for the quarter. Ageagle Aerial Systems had a negative net margin of 103.38% and a negative return on equity of 57.41%. The business had revenue of $2.99 million during the quarter.

Institutional Investors Weigh In On Ageagle Aerial Systems

Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd raised its holdings in Ageagle Aerial Systems by 690.5% in the fourth quarter. XTX Topco Ltd now owns 98,203 shares of the company’s stock worth $80,000 after purchasing an additional 85,780 shares during the period. Jane Street Group LLC raised its holdings in Ageagle Aerial Systems by 198.6% in the fourth quarter. Jane Street Group LLC now owns 178,996 shares of the company’s stock worth $146,000 after purchasing an additional 119,045 shares during the period. Renaissance Technologies LLC acquired a new stake in Ageagle Aerial Systems in the fourth quarter worth $77,000. Geode Capital Management LLC raised its holdings in Ageagle Aerial Systems by 31.4% in the fourth quarter. Geode Capital Management LLC now owns 398,259 shares of the company’s stock worth $324,000 after purchasing an additional 95,108 shares during the period. Finally, UBS Group AG raised its holdings in Ageagle Aerial Systems by 920.4% in the third quarter. UBS Group AG now owns 429,133 shares of the company’s stock worth $863,000 after purchasing an additional 387,076 shares during the period. 10.89% of the stock is currently owned by institutional investors and hedge funds.

About Ageagle Aerial Systems

Ageagle Aerial Systems, Inc (NYSE American: UAVS) is an investment and operating company dedicated to the commercial unmanned aerial systems (UAS) sector. The firm acquires and integrates UAS-related businesses across research and development, manufacturing, sales and contract operations. By combining R&D and integration, direct product sales and aerial services, Ageagle builds a diversified offering of drone technologies and end-to-end solutions for a range of industries.

Ageagle’s subsidiaries develop and supply both fixed-wing and multirotor unmanned platforms equipped with advanced payloads such as precision agricultural spraying systems, multispectral imaging, LiDAR scanning and thermal sensors.