DEFSEC Technologies Inc. (NASDAQ:DFSC) Short Interest Update
by Teresa Graham · The Cerbat GemDEFSEC Technologies Inc. (NASDAQ:DFSC – Get Free Report) 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 trading volume of 311,569 shares, the days-to-cover ratio is currently 0.4 days. Approximately 8.9% of the company’s shares are short sold.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of DEFSEC Technologies in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.
Check Out Our Latest Research Report on DFSC
DEFSEC Technologies Stock Up 8.0%
Shares of NASDAQ DFSC opened at $4.34 on Tuesday. The company’s fifty day moving average is $2.41 and its 200-day moving average is $2.57. The stock has a market cap of $6.21 million, a price-to-earnings ratio of -0.44 and a beta of 2.47. DEFSEC Technologies has a twelve month low of $1.62 and a twelve month high of $15.37.
DEFSEC Technologies (NASDAQ:DFSC – Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($1.00) earnings per share for the quarter. The firm had revenue of $0.94 million for the quarter. DEFSEC Technologies had a negative return on equity of 125.96% and a negative net margin of 154.40%.
Hedge Funds Weigh In On DEFSEC Technologies
An institutional investor recently bought a new position in DEFSEC Technologies stock. Warberg Asset Management LLC acquired a new position in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC – Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 28,950 shares of the company’s stock, valued at approximately $103,000. Warberg Asset Management LLC owned 2.07% of DEFSEC Technologies as of its most recent SEC filing. 21.39% of the stock is currently owned by hedge funds and other institutional investors.
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.