Short Interest in DEFSEC Technologies Inc. (NASDAQ:DFSC) Increases By 4,216.4%

DEFSEC Technologies Inc. (NASDAQ:DFSC) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 1,035,201 shares, an increase of 4,216.4% from the July 30th total of 23,983 shares. Currently, 52.0% of the company’s shares are short sold. Based on an average trading volume of 13,973,625 shares, the short-interest ratio is currently 0.1 days.

Analysts Set New Price Targets

DFSC has been the subject of several recent analyst reports. Wall Street Zen upgraded DEFSEC Technologies to a “sell” rating in a report on Saturday, June 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of DEFSEC Technologies in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in DEFSEC Technologies stock. Armistice Capital LLC bought a new stake in DEFSEC Technologies Inc. (NASDAQ:DFSC) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned about 11.05% of DEFSEC Technologies as of its most recent filing with the SEC. Hedge funds and other institutional investors own 21.39% of the company’s stock.

DEFSEC Technologies Trading Down 0.6%

Shares of DFSC stock traded down $0.01 during trading hours on Tuesday, hitting $1.59. 824,294 shares of the company were exchanged, compared to its average volume of 1,067,576. DEFSEC Technologies has a 52 week low of $1.16 and a 52 week high of $6.00. The business has a 50 day moving average of $2.01 and a two-hundred day moving average of $2.51. The company has a market capitalization of $3.16 million, a PE ratio of -0.34 and a beta of 2.76.

DEFSEC Technologies (NASDAQ:DFSC) last posted its quarterly earnings data on Wednesday, August 12th. The company reported ($0.92) EPS for the quarter. The company had revenue of $1.97 million during the quarter. DEFSEC Technologies had a negative net margin of 120.97% and a negative return on equity of 144.66%.

About DEFSEC Technologies

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.