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

DEFSEC Technologies Inc. (NASDAQ:DFSC) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 40,333 shares, a drop of 81.9% from the August 31st total of 222,815 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average daily trading volume, of 183,308 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

Several analysts recently commented on the stock. Wall Street Zen upgraded shares of DEFSEC Technologies to a “sell” rating in a research report on Saturday, June 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of DEFSEC Technologies in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, DEFSEC Technologies has a consensus rating of “Sell”.

DEFSEC Technologies Stock Up 3.8%

Shares of DEFSEC Technologies stock traded up $0.04 on Friday, hitting $1.10. 141,431 shares of the company’s stock traded hands, compared to its average volume of 150,944. DEFSEC Technologies has a 52-week low of $1.05 and a 52-week high of $6.00. The stock has a market cap of $2.19 million, a P/E ratio of -0.24 and a beta of 2.79. The firm’s 50-day moving average is $1.51 and its 200 day moving average is $2.42.

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

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.