Liberty Defense Holdings, Ltd. (NASDAQ:DETX) Stock Short Interest Falls 69.6%

Liberty Defense Holdings, Ltd. (NASDAQ:DETX) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 10,721 shares, a decrease of 69.6% from the August 31st total of 35,310 shares. Based on an average daily trading volume, of 62,007 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.5% of the shares of the company are sold short.

Liberty Defense Price Performance

Shares of NASDAQ DETX traded up $0.01 during midday trading on Friday, reaching $2.11. The stock had a trading volume of 8,605 shares, compared to its average volume of 37,022. The company has a market cap of $4.19 million and a P/E ratio of -1.17. Liberty Defense has a 12-month low of $1.91 and a 12-month high of $4.98. The business’s 50-day simple moving average is $3.01.

Liberty Defense (NASDAQ:DETX) last released its earnings results on Friday, August 14th. The company reported ($0.43) earnings per share for the quarter. The company had revenue of $0.04 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Liberty Defense in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Liberty Defense currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Liberty Defense

An institutional investor recently bought a new position in Liberty Defense stock. AWM Investment Company Inc. acquired a new position in Liberty Defense Holdings, Ltd. (NASDAQ:DETX) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 514,300 shares of the company’s stock, valued at approximately $2,083,000. AWM Investment Company Inc. owned 25.97% of Liberty Defense as of its most recent SEC filing.

About Liberty Defense

Liberty Defense Holdings Ltd. develops artificial-intelligence-enabled security and threat-detection technologies designed to identify concealed weapons and other threats in public and private environments. Its solutions are intended to support security personnel by providing non-contact screening and situational awareness while allowing people to move through monitored areas.

The company’s principal product is HEXWAVE, a three-dimensional radar-based detection platform that uses artificial intelligence and sensor fusion to screen for concealed weapons and other potential threats.