KWESST Micro Systems Inc. (NASDAQ:KWE) Short Interest Up 1,901.6% in October

by · The Cerbat Gem

KWESST Micro Systems Inc. (NASDAQ:KWE – Get Free Report) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 378,300 shares, an increase of 1,901.6% from the October 15th total of 18,900 shares. Based on an average daily volume of 270,900 shares, the short-interest ratio is currently 1.4 days. Currently, 23.2% of the shares of the stock are sold short.

KWESST Micro Systems Stock Down 2.4 %

NASDAQ:KWE traded down $0.02 during trading hours on Wednesday, hitting $0.73. The company had a trading volume of 326,747 shares, compared to its average volume of 277,911. KWESST Micro Systems has a 1 year low of $0.70 and a 1 year high of $16.73. The company has a 50-day moving average of $1.37 and a 200 day moving average of $3.12.

KWESST Micro Systems (NASDAQ:KWE – Get Free Report) last issued its earnings results on Wednesday, August 14th. The company reported ($1.00) earnings per share for the quarter. The company had revenue of $0.24 million for the quarter. KWESST Micro Systems had a negative return on equity of 478.39% and a negative net margin of 711.72%.

Hedge Funds Weigh In On KWESST Micro Systems

An institutional investor recently bought a new position in KWESST Micro Systems stock. Warberg Asset Management LLC bought a new position in KWESST Micro Systems Inc. (NASDAQ:KWE – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 112,300 shares of the company’s stock, valued at approximately $52,000. Warberg Asset Management LLC owned 1.01% of KWESST Micro Systems as of its most recent filing with the Securities and Exchange Commission. 21.39% of the stock is owned by hedge funds and other institutional investors.

KWESST Micro Systems Company Profile

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KWESST Micro Systems Inc engages in the development and commercialization of tactical systems and ammunitions for military, public safety agencies, and personal defense markets. It provides non-lethal products, including PARA OPS devices and ARWEN products. The company was incorporated in 2017 and is headquartered in Ottawa, Canada.

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