DEFSEC Technologies Inc. (NASDAQ:DFSC) Short Interest Update
by Tristan Rich · The Markets DailyDEFSEC Technologies Inc. (NASDAQ:DFSC – Get Free Report) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 23,983 shares, a decline of 65.3% from the July 15th total of 69,163 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily volume of 60,060 shares, the short-interest ratio is currently 0.4 days.
DEFSEC Technologies Price Performance
DFSC traded up $0.55 during trading on Friday, hitting $2.86. 14,500,729 shares of the stock traded hands, compared to its average volume of 947,937. The firm has a market capitalization of $5.70 million, a P/E ratio of -0.59 and a beta of 2.76. DEFSEC Technologies has a 12-month low of $1.16 and a 12-month high of $6.00. The firm has a 50-day moving average of $2.27 and a 200 day moving average of $2.51.
DEFSEC Technologies (NASDAQ:DFSC – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported ($0.92) earnings per share (EPS) for the quarter. The firm 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 136.07%.
Wall Street Analyst Weigh In
DFSC has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of DEFSEC Technologies in a research note on Friday, July 17th. Wall Street Zen upgraded DEFSEC Technologies to a “sell” rating in a report on Saturday, June 6th. 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”.
View Our Latest Stock Report on DEFSEC Technologies
Institutional Investors Weigh In On DEFSEC Technologies
A hedge fund recently bought a new position in DEFSEC Technologies stock. Armistice Capital LLC bought a new stake in shares of DEFSEC Technologies Inc. (NASDAQ:DFSC – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 158,036 shares of the company’s stock, valued at approximately $269,000. Armistice Capital LLC owned 11.05% of DEFSEC Technologies as of its most recent filing with the Securities and Exchange Commission (SEC). 21.39% of the stock is currently owned by hedge funds and other institutional investors.
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.